Latest news with #organizations
CTV News
a day ago
- General
- CTV News
Back-to-school supplies needed
Atlantic Watch It still may be summer, but for some Maritime organizations, back-to-school preparation to help students in need is already underway.
CTV News
a day ago
- General
- CTV News
Volunteer Manitoba summer 2025 outlook
Winnipeg Watch Ashley Seymour, executive director of Volunteer Manitoba talks about the need for more volunteers this summer at different organizations.
CTV News
a day ago
- General
- CTV News
Volunteer Manitoba summer 2025 outlook
Winnipeg Watch Ashley Seymour, executive director of Volunteer Manitoba talks about the need for more volunteers this summer at different organizations.
Fast Company
a day ago
- Business
- Fast Company
AI at scale: Why strong governance is your next competitive advantage
Artificial intelligence (AI) is becoming the heartbeat of modern business operations across industries. Its rapid scaling offers tremendous opportunities for innovation, efficiency gains, and new competitive advantages, but it also introduces significant risks. Left unchecked, use of AI can expose organizations to regulatory breaches, ethical lapses, security vulnerabilities, and reputational harm. Today, the difference between companies that merely use AI and those that thrive with it is the quality of their governance frameworks. Forward-looking leaders recognize governance as a strategic advantage that's essential for enabling the kind of bold, creative innovation that drives lasting business success. The swift adoption of AI has significantly heightened regulatory, ethical, and security risks. In 2024, around half of employees admited to using unsanctioned AI tools, potentially exposing sensitive organizational data to breaches and compliance violations. So it's no surprise that ethical incidents involving AI have seen a marked increase, rising by more than 56% between 2023 and 2024. Effective governance can proactively address these mounting risks, reducing the likelihood of costly, reactive crisis management. Businesses that embed robust frameworks can anticipate and mitigate issues before they escalate, ensuring AI's transformative potential is fully and responsibly realized. HOW GOVERNANCE FUELS GROWTH Some executives perceive governance as a burdensome, additional layer of bureaucracy that slows down innovation. But in reality, it serves as 'the fence around the playground,' the guardrails that allow teams to explore and innovate boldly without constant fear of unintended consequences. Governance doesn't slow progress. It creates a structure that accelerates deployment and builds trust, enabling broader engagement with AI technologies. Rather than being viewed as a barrier, organizations should see governance as a strategic differentiator. Organizations with robust frameworks can confidently scale their AI initiatives, turning potential risks into manageable challenges and opportunities for growth. By establishing the following components, organizations ensure AI governance is both comprehensive and effective: • Privacy and data management: Well-defined, proactive policies show employees how to hande data responsibly. • Ethics and fairness guidelines: Robust structures for detecting and mitigating bias can ensure AI-based decisions remain fair and equitable. • Compliance and legal oversight: Comprehensive systems and procedures ensure adherence to evolving regulatory requirements. • Performance and quality control: Continuous validation mechanisms maintain AI effectiveness, reliability, and alignment with organizational objectives. • Operational oversight: Ongoing monitoring with well-defined incident-response protocols allow organizations to swiftly address emerging issues. • Security and access controls: Stringent safeguards protect AI systems from misuse and unauthorized access, preserving integrity and trust. PUTTING AI GOVERNANCE INTO ACTION With those building blocks in place, here are five steps for putting those principles into practice across the organization. 1. Establish executive leadership and accountability. Create a dedicated, cross-functional governance board. Members should include senior representatives from key departments like IT, legal, operations, and compliance to provide a balanced, comprehensive view of AI risks. 2. Manage organizational change. Support successful adoption by embedding change management into the launch of your AI governance strategy. Engage stakeholders early, offer targeted training, address cultural resistance, and reinforce new behaviors through clear communication and meaningful incentives. A proactive change strategy helps align teams with governance objectives and sustains momentum. 3. Implement risk management practices. Build a comprehensive risk management approach that includes proactive assessments and actionable mitigation plans. Risk evaluation should reflect both the likelihood and severity of potential harm, with governance scaled to match. High-risk initiatives may warrant added checkpoints and closer oversight. 4. Integrate governance into the AI lifecycle. Embed oversight processes throughout the AI lifecycle, from initial development and testing to deployment and continuous operation. This ensures that governance becomes part of the organizational culture—not a last-minute addition. For example, a pre-deployment checklist helps ensure teams implement fairness and privacy requirements before any model goes live. 5. Refine through continuous improvement. Implement structured mechanisms for ongoing governance evaluation, including regular audits, incident reviews, and feedback loops. Use these insights to refine and enhance governance practices, ensuring they remain robust and effective as the AI landscape evolves. YOUR FOUNDATION FOR TRUSTED, SCALABLE AI A solid governance framework gives AI initiatives room to grow while adapting to new technologies, regulations, and risks. The companies that lead in AI won't be the ones that simply deploy it first. They'll be the ones that scale it most responsibly. Governance allows organizations to manage complexity with structure, mitigate risk without slowing progress, and cultivate a culture where AI is both dependable and transformative. In a competitive landscape shaped by rapid technological change, governance is the backbone of scalable, sustainable AI success.
Times of Oman
6 days ago
- Business
- Times of Oman
SEZAD to organise "Duqm Summer" sessions for investors in August 2025
Duqm: The Special Economic Zone Authority at Duqm (SEZAD) will organize four specialized familiarization sessions, titled "Duqm Summer", in favour of investors in August 2025, at SEZAD building in Duqm in Al Wusta Governorate. The sessions will deal with uses of artificial intelligence applications, developing an adaptable workforce, building resilient supply chains and promoting a culture of work environment that encourages stability and professional growth. The sessions include one about global trade and supply chains, due to be held on 19 August. It will discuss strategic location of A'Duqm as an ideal meeting point between Europe, Asia and Africa. It will also address real-life experiences in managing risks during periods of disruption and crises. "Duqm Summer" sessions conclude on 26 August, with a session to be dedicated to workplace culture and mental health. The closing session will explain how organizations can build a supportive work environment that enhances performance and diminishes employee turnover rates.
