The speed with which change is taking place, and the magnitude of the impact, is huge. Everything we are doing is being driven by AI – it is changing the way we think and behave. AI is more than just hype, it’s here to stay.
According to our 2019 CEO Outlook Survey, only 20% of Belgian leaders and 13% of global leaders say that their organizations have implemented AI to automate some of their processes.
However, while business decisions are increasingly fueled by or made by algorithms, C-suite executives and the public question the trustworthiness of data and analytics. In fact, 56% of Belgian leaders and 68% of global leaders surveyed reported overlooking the insights provided by data analysis models because they were contrary to their own experience or intuition (2019 CEO Outlook Survey).
Beyond implementation, there is also still a lot of work for companies to do on the controls around these disruptive technologies.
While both in Belgium and globally just over half of respondents perceive their companies’ risk management systems as robust, in Belgium only 16 percent indicate it is able to capture disruptive risks (versus 21 percent globally).
The Board Leadership Center offers non-executive and executive board members and those working closely with them (including CROs and Heads of Internal Audit) a place within a community of board-level peers and access to topical seminars and ‘lunch and learn’ Board Academy sessions, invaluable resources and thought leadership, and lively and engaging networking opportunities.