Organizations must proactively address the fears surrounding AI by fostering open communication and education about its impact. It is crucial to articulate the risks of inaction, such as increased fraud and cyber threats, prompting a clear understanding that AI will affect all employees. Engaging business leaders and relevant teams—including cyber, fraud, and HR—demonstrates the organization's commitment to understanding AI's disruptive nature and its influence on job roles. By creating an environment where employees can explore their skill sets in relation to advancing technology, organizations empower staff to adapt to changes instead of fearing them. Embracing AI responsibly, rather than ignoring its evolution, is essential, as is encouraging employees to share their insights and experiences with AI technology.
The rapid rise of generative AI is changing how businesses operate, but with this change comes new challenges. How do you navigate the balance between innovation and risk, especially in a regulated industry? As organizations race to adopt AI, it’s crucial to ensure that these technologies are not only transformative but also responsible. What steps can you take to harness AI’s potential while maintaining control and transparency? And how can you build excitement and trust around AI within your organization, ensuring that everyone is ready to embrace this new era?
Steve Holden is the Senior Vice President and Head of Single-Family Analytics at Fannie Mae, leading a team of data science professionals, supporting loan underwriting, pricing and acquisition, securitization, loss mitigation, and loan liquidation for the company’s multi-trillion-dollar Single-Family mortgage portfolio. He is also responsible for all Generative AI initiatives across the enterprise. His team provides real-time analytic solutions that guide thousands of daily business decisions necessary to manage this extensive mortgage portfolio. The team comprises experts in econometric models, machine learning, data engineering, data visualization, software engineering, and analytic infrastructure design. Holden previously served as Vice President of Credit Portfolio Management Analytics at Fannie Mae. Before joining Fannie Mae in 1999, he held several analytic leadership roles and worked on economic issues at the Economic Strategy Institute and the U.S. Bureau of Labor Statistics.
In the episode Adel and Steve explore opportunities in generative AI, building a GenAI program, use-case prioritization, driving excitement and engagement for an AI-first culture, skills transformation, governance as a competitive advantage, challenges of scaling AI, future trends in AI, and much more.
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