As artificial intelligence continues to revolutionize various industries, its potential is undeniable. However, to truly harness the power of AI, organizations must adopt a human-centric approach and implement robust governance frameworks.
Human-Centric AI Approach
To lead effectively with AI, companies should prioritize the human factor. This involves accounting for AI’s impact on jobs and aggressively investing in upskilling and reskilling employees. Cognizant’s philosophy emphasizes using AI to automate tasks within a “human in the loop” model, enabling employees to work smarter and focus on innovation.
Purposeful Governance
Purposeful governance is equally crucial. Organizations must avoid the pitfalls of “shadow IT” by ensuring that AI initiatives are centrally organized and aligned with enterprise objectives. Enterprise-level governance and transparency in AI-supported work are essential to maintain accountability and trust.
Data Quality and Security
Data quality and security form the backbone of effective AI. Leaders must ensure their data assets are centralized, augmented, and responsibly sourced to produce high-quality AI outputs. As AI regulations evolve, robust internal governance will not only ensure compliance but also serve as a competitive advantage.
In summary, to lead with AI, organizations must focus on people and governance. By investing in their workforce and implementing strong governance practices, businesses can drive AI-driven innovation while maintaining trust and ethical standards.
For more insights on leading with AI, visit Cognizant’s blog.
Amplifying the Value of Generative AI
Generative AI has captured the attention of business leaders, employees, consumers, and governments alike. Unlike previous technological debuts, it holds the potential to transform operating and business models entirely. However, realizing its full potential requires a strategic approach.
Generative AI: Society’s New Equalizer
In the past two and a half centuries, we have witnessed five technological revolutions, each bringing profound socio-economic shifts. As we usher in the era of Generative AI, the question arises: will this new wave follow the same trajectory of benefiting the economically privileged, or will it break the mold and serve as an equalizer for society?