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.
Future-Proofing the Singapore Public Service
AI is set to transform the Singapore public service and unlock better public engagement. Focusing on strategic AI roadmaps, robust data governance, and comprehensive reskilling programs, and prioritizing ethical practices, public sector agencies can drive impactful digital transformation and enhance citizen services.
Impact of Gen AI on the Workforce
Generative AI could add up to $1 trillion to the US GDP by 2032, transforming work and society. While most jobs will be impacted, strategic reskilling and transparent AI practices can ensure a smooth transition and equitable growth.