Apple faces EU fine over App store rules, NJIT experts discuss AI role in governance, sports analytics, and future of work. Avanade's head of innovation talks about ethical AI governance and essential technology investments for AI proficiency.
Organizations struggle with AI readiness and training, highlighting critical capability building challenges.
AI governance is vital to manage risks and ensure ethical use, calling for necessary guardrails.
AI assists as a co-pilot, enhancing tasks efficiency and freeing up time for more meaningful activities.
Deep dives
AI Readiness and Preparedness
Many organizations are enthusiastic about AI but lack readiness. Half of leaders feel unprepared, and only a third of CEOs are AI-fluent. Training and capability building in AI are critical challenges for organizations.
Responsible AI Governance
Ensuring responsible AI governance is a top concern. With the increased scale of AI comes higher risks. Guardrails are needed to mitigate risks and promote ethical use of AI.
AI as a Co-Pilot
AI should be seen as a co-pilot, not a replacement pilot, helping individuals perform tasks more effectively. It can assist in summarizing emails, prioritizing tasks, and freeing up time for more meaningful activities.
Challenges in AI Fluency
Improving AI fluency involves defining AI, understanding the language, and positioning questions effectively for AI tools. Leaders need to invest in prompt engineering and strong data sources for proficient AI usage.
Data as a Foundation for AI
Data quality is crucial for effective AI implementation. Strong data sources are essential for maximizing AI capabilities. Alongside investing in people and training, organizations need to focus on cleaning and leveraging quality data.
Anurag Rana, Bloomberg Intelligence Senior Technology Analyst, discusses Apple being hit with an EU fine over abusive App store rules. Live from NJIT: Michael Johnson, President of New Jersey Innovation Institute, discusses the role of AI. Beth Simone Noveck, Chief A.I. Strategist, State of New Jersey, talks about implementing NJ Governor Phil Murphy’s vision of having NJ lead the nation in the advancement of AI. Ivana Seric, Senior Product Scientist, at Zelus Analytics, discusses the role of AI in sports. Anita Jivani, Global Head of Innovation, at Avanade, Inc, discusses the future of work and training people for AI.