Artificial intelligence (AI) risk management—board briefing

Published by a ½Û×ÓÊÓÆµ Risk & Compliance expert
Precedents

Artificial intelligence (AI) risk management—board briefing

Published by a ½Û×ÓÊÓÆµ Risk & Compliance expert

Precedents
imgtext

Date: [insert date]

    1. 1

      Introduction

      Artificial intelligence (AI) has the potential to transform the way we work, improve the services we provide and boost our competitiveness. We must ensure we use AI tools in a secure and responsible way, respecting confidentiality and third party rights. This includes any AI tools used by third parties on our behalf.

      [State briefly what has triggered this board briefing, eg We are already using AI in our internal operations in a very limited way. The purpose of this briefing is to explain what sort of AI tools we are currently using, the technology that is available, the risks associated with AI and the measures we have in place to mitigate or manage those risks.]

    1. 2

      What is meant by AI?

      There is no single definition of artificial intelligence (AI). Broadly speaking, it is the simulation of human intelligence in machines, generally computer systems.

      AI tools can learn, problem-solve, make decisions, and understand language. This can be contrasted with non-AI pre-programmed tools, which generally apply the same set

Powered by Lexis+®
Jurisdiction(s):
United Kingdom

Popular documents