Board AI Readiness Assessment
For each of the following questions, please use this scale to indicate to what extent:
1 … not at all
2 … low extent
3 … moderate extent
4 … large extent
5 … significant extent
N/K … not known
For each of the following questions, please use this scale to indicate to what extent:
1 … not at all
2 … low extent
3 … moderate extent
4 … large extent
5 … significant extent
N/K … not known
Been provided strategic information on how artificial intelligence products and services have been assessed against their potential to disrupt and make your current business model redundant?
1
2
3
4
5
NK
Engaged in dialogue with management on how artificial intelligence products and services might create competitive advantage for your organization and industry through new capabilities, business models, opportunities and revenue streams?
1
2
3
4
5
NK
Approved plans for addressing the strategic implications of AI products and services?
1
2
3
4
5
NK
Assessed how AI is currently being used and overseen by the company?
1
2
3
4
5
NK
Understood the competitive landscape and present opportunities for competitive advantage and innovation available through AI products and services?
1
2
3
4
5
NK
Ensured management has identified, managed, and mitigated the risks AI products and services create for the organization?
1
2
3
4
5
NK
Understood the risks, opportunities and obligations associated with AI products and services?
1
2
3
4
5
NK
Put a system in place to oversee these risks, opportunities and obligations of AI products and services?
1
2
3
4
5
NK
Considered and implemented AI products and services to enhance bias-free employment related decisions and promotions?
1
2
3
4
5
NK
Provided direction on enhancing responsible use of AI products and services while protecting the organization from the potential for misuse and unintended consequences?
1
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5
NK
Considered the impact of AI applications on the workforce and other stakeholders (shareholders, creditors, customers, employees, suppliers, government, and the environment)? (For example, workforce reductions, customer service enhancements, etc.)
1
2
3
4
5
NK
Considered the impact of AI applications of the workforce and other stakeholders (shareholders, creditors, customers, employees, suppliers, government, and the environment)? (For example, employees and others using AI that would create privacy concerns, IP protection issues, etc.)
1
2
3
4
5
NK
Have confidence that the impacts of the adoption and use of AI by people within the company are being appropriately overseen?
1
2
3
4
5
NK
Approved policy on the use of AI products and services that protects human rights and freedoms, including privacy rights, anti-discrimination interests, consumer safety and protection, IP protection, information integrity, security, and fair business practices?
1
2
3
4
5
NK
Ensured AI policy on the use of AI products and services balance the encouragement of innovation with any of the above policy concerns?
1
2
3
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5
NK
Determined the policy needs of the organization related to AI products and services? (For example, what are the implications for compliance with legal, regulatory, and ethical obligations?)
1
2
3
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5
NK
Assessed what the corporate governance implications are for the use of AI products and services and related policies, information systems and internal controls?
1
2
3
4
5
NK
Have confidence that regulation and policy related to AI products and services is being followed and overseen effectively?
1
2
3
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5
NK
Enhanced alignment between where the organization is headed strategically and how it can best be resourced financially, technically, and with human resources?
1
2
3
4
5
NK
Used AI products and services to perform real-time calculations to forecast and predict performance, detect anomalous spending behavior, or maintain compliance?
1
2
3
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5
NK
Used AI products and services to collect and analyze data and identify trends that may improve financial projections and capital allocation decisions?
1
2
3
4
5
NK
Resourced strategy, technology, and training in AI products and services?
1
2
3
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5
NK
Ensured the organization has the expertise and resources to pursue any approved strategy that relies on AI in a responsible way?
1
2
3
4
5
NK
Assessed the positive and negative financial implications of AI products and services adoption and implementation?
1
2
3
4
5
NK
Gained confidence that positive and negative financial implications are reported in meaningful ways?
1
2
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4
5
NK
Established clear reporting lines and metrics for measuring the effectiveness of AI?
1
2
3
4
5
NK
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