The European Union’s Artificial Intelligence Act (EU AI Act) and the National Institute of Standards and Technology’s AI Risk Management Framework (NIST AI RMF) represent two distinct approaches to regulating and managing artificial intelligence.

One of the most talked about and feared results of a digital transformations is the impact of structural change to business models. Legacy business have created strong business models with economies of scale and competitive moats. However, these business models are not forever.

Issues normally arise when you are going through a digital transformation, in fact a digital transformation normally brings about a range of policy issues that organizations must address.

Performing a digital health assessment is crucial for boards of directors to understand and evaluate the organization’s digital capabilities and identify potential risks and opportunities related to technology.

Assessing digital risk can be a tricky business. Risks can have multiple impacts on a company or initiative, and the digital landscape is constantly evolving.

The value of outside directors who are well-versed in digital business models, practices, and industry best practices cannot be overstated, especially for companies that are making significant investments in digital transformation or other technology changes.

Innovation is at the forefront of Proctor & Gamble's business strategy, so much so that the company has established a board committee dedicated entirely to innovation.

Fast decision making is crucial in governing a digital transformation. In today's fast-paced business environment, organizations need to be agile and responsive to changing market conditions and customer needs.

When a company is going through a significant transformation, such as a merger, acquisition, restructuring, or major strategic shift, it is essential for the board of directors to be actively engaged and provide effective oversight.

Boards rely on insightful and timely information to properly execute their fiduciary responsibility to manage risk within a company.

Boards of companies should be concerned about various digital and IT-related laws and regulations to ensure compliance and mitigate potential risks. Here are some key areas to consider.

The implementation of an Omni-Channel initiative can yield significant rewards, but it also carries substantial risks that can threaten a company's value and continuity.

WHAT DOES HARVARD BUSINESS THINK OF DIGITAL TRANSFORMATIONS?

In today's rapidly evolving business landscape, digital transformation has become the lifeblood of success for companies across industries.