Across the world various government entities have introduced or enacted policies and regulations for AI that will impact organizations. Some of them are:
- U.S. Executive Order on AI.
- The EU AI.
- UK doesn’t have a regulation yet, but proposed policy environment promotes AI innovation and efforts to build public trust in AI.
- India – The Artificial Intelligence and Data Act expects businesses to institute accountability mechanisms.
The common theme, regardless of geographical region, is that business leaders need to either step up or step aside. The overall message is that if you are in a leadership role, you have responsibilities related to AI. You must proactively take measures to be compliant and prevent harm.
In other words, even if you are not ready for AI, you need to be AI-ready.
Leaders should adjust priorities, reconcile AI investment with redistributed risk and prepare today for a more regulated tomorrow.
Thinking Space 