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Is AI better at enhancing the productivity of lower skilled or higher skilled workers? Following the 2024 Directors and Board Character of the Corporation summit, WTW's insight discusses AI and its impact on risk and people.
With the vastness and complexity of the topic of AI, as well as how quickly it is changing, the article stresses how effective leaders must stay on top of new learnings, and incorporate them into their practices.
The piece looks at recent studies into Artificial Intelligence, examining how the benefits of AI augmentation vary depending upon the kind of task, and the employee's level of skills and proficiency. Together, the various studies highlight the transformative potential of AI while underscoring the critical role of senior management and boards in shaping implementation to maximize productivity, creativity and impact.
In particular, WTW's insight shows how boards and senior management teams can use the knowledge gained in these studies to inform AI governance, risk management and decision making, exploring how effective leaders can:
- Vary governance requirements by situation;
- Stay on top of quickly changing tools, learnings, and risks;
- Understand the risks of different applications;
- Ensure workflows and skill requirements are designed thoughtfully;
- Monitor employee engagement;
- Ensure users are in the loop.
Learn More:
Read the full insight here.
About WTW:
Willis Towers Watson (WTW) is a global leader in advisory, broking, and risk management solutions. With nearly 200 years of experience and 45,000 employees in over 140 countries, WTW helps businesses turn risks into growth opportunities by providing tailored solutions for intricate risk profiles. WTW’s offerings, including professional liability, D&O insurance, cyber risk, and M&A-related insurances, directly address the risks and challenges faced by today’s NEDs.