Technology

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Dec 13, 2024

How to Create a Corporate AI Policy That Works

by Kashyap Vyas

From buzzword to reality, Artificial Intelligence (AI) continues to impact businesses worldwide. Whether customer service, accounting, marketing, or HR, no business function has remained untouched by AI. But how prepared is your business? In this article, we’ll take the next step forward from decoding the buzz to developing and refining your corporate AI policy. The rise of AI in business It’s hard to keep up, but these compelling statistics) offer a quick peek at the latest: The AI market is estimated to reach a whopping $1.34 trillion, with a 21% net increase in US GDP by 2030. 72% of enterprises use AI for at least one business operation, while 64% credit it with increased productivity. 65% of consumers trust organizations using AI if they do so “transparently and responsibly”. These numbers are increasing fast—faster than we can tell whether it’s for good or bad. That’s why it’s crucial to reign in potentially harmful AI use with well-defined protocols. It’s time you seriously consider implementing a corporate AI policy within your organization, preventing your employees from causing disruption. Read on to gain valuable insights on the what, why, and how of a corporate AI policy to protect your business from legal and financial troubles. Definition: Corporate AI Policy A corporate AI policy is a set of rules and regulations that acts as a roadmap for your company’s AI adoption journey. It ensures responsible AI use while maximizing benefits and minimizing risks. A well-crafted policy drives risk-free decision-making, builds trust among your […]

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