The AI Council

When a corporate environment experiences a high rate of change, enterprises tend to seek outside views to guide them through strategic decisions, governance, and implementation. AI’s current and expected accelerated evolution rate merits these initiatives in the form of an AI Council.

These innovation efforts can take any form appropriate for the enterprise, but are typically composed of business decision-makers plus external executives who can bring state-of-the-art experiences and novel perspectives to the company.

New capabilities, such as those in machine learning and LLMs/GenAI, can be leveraged to impact a company’s business in ways that were impossible some years back. Either companies maximize AI’s value for their business and continue to evolve, or competitors will do it and move forward faster.

If the AI Council supports the board, its role may align more with strategy and governance. As the initiative expands operationally into the business, the council’s responsibility will extend to implementation. Feedback mechanisms should be implemented for practical information sharing at all levels.

The AI Council’s impact should be quickly seen in vision setting and strategic alignment, risk identification and ethics oversight, and overall accelerated responsible AI adoption that positively impacts business operations and enterprise value.

Alten Capital invests in technology services businesses. Reach out to explore potential partnerships.