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Enterprise Risk Management has become a major challenge for many corporations requiring the implementation of adequate methods and processes to manage their risks efficiently. ERMA is established as a global learning centre for professionals in Enterprise Risk Management. ERMA provides a comprehensive set of Enterprise Risk Management courses and certifications and facilitates collaborative efforts of Enterprise Risk Management professionals around the world.
Thank you Pak Anton, Carole and Lee, The integration of Governance, Risk Management, and Compliance (GRC) into Artificial Intelligence (AI) helps ensure that AI is developed and used responsibly and ethically. It also ensures AI aligns with legal standards, manages risks effectively, and maintains public trust.
Thanks for the explanation. By aligning the implementation of AI technology with organizational strategy, ensuring regulatory compliance, and paying attention to ethical aspects, organizations can create significant added value and maintain sustainability in the future
Its true that waiting for complete certainty is not a prudent strategy, adapting new technology will help us to stay ahead of the curve, to be the one who shape the future rather than being shaped by it 😊
Bridging the previous thematic of GRC (Aligning GRC and ESG) with the coming thematic of Risk Beyond (Into the Unknown) requires meticulous insights and mind building in crafting the essence of governance. Previously I am focusing on developing the aspects of governance that satisfy both the GRC and ESG, but now I am tirggered to elaborate more about dealing the unknown through AI and the associated peripherals. Surely should not miss the opportunity to attend and get involved to the coming Risk Beyond event on December 7-8, 2023.
Thank you Mr. Anton, Carole and Lee. AI is very beneficial for any organization. Presenting data, disseminating information, increasing knowledge, and supporting decision-making systems in an organization.
Thank you Mr. Anton, Carole and Lee. The effective integration of AI offers multifaceted benefits, enhancing various aspects of operations. It is imperative to comprehend and employ AI judiciously to harness its full potential and contribute to the overall success of the organization in the future.
Thank you, Mr Anton. In my opinion, the development of AI in this era is really needed which makes things easier in terms of work and in everyday things.
Thank you for your explanation about the need for an evolutionary plan to implement technological advances such as AI to drive value for the organization, and align the organization with circumstances so as to maintain the organization's sustainability in the future.
Thank you Mr. Anton, Carole and Lee. We know to have a comprehensive inventory of all business units, departments, and functions using AI. This is tracked in a centralized system, which details the spesific AI applications, the source of data, the purpose of the AI, and oversight mechanisms.
The video with Mr. Anton, Carole, and Lee is really interesting. It paints a picture of how crucial it is for a business to understand how and where artificial intelligence is being applied, whether it is part of our strategic plan, and to keep an eye on its effectiveness.
Thank you, Mr. Anton, Ms. Carole, and Mr. Lee, your explanations are very valuable. The utilization of AI in organizations and businesses not only enhances efficiency but also opens up opportunities for new innovations. This paves the way for faster and more effective progress in our work.
Thank you, professors, These questions serve as valuable points for leadership discussions to ensure that AI strategies are aligned with GRC considerations and effectively managed within an organization
Thank you, professors, These questions serve as valuable points for leadership discussions to ensure that AI strategies are aligned with GRC considerations and effectively managed within an organization
Manikandan Rengarajan Aka RMK Thank you, Anton, Carole, and Lee for delivering an insightful lecture on GRC for AI that brilliantly navigated its intricacies, leaving us all enlightened and inspired by the immense possibilities it holds for the future
Thank you, Pak Anton, Carole, and Lee. leveraging AI in a holistic manner is crucial for shaping a company's strategic roadmap. The effective integration of AI offers multifaceted benefits, enhancing various aspects of operations. It is imperative to comprehend and employ AI judiciously to harness its full potential and contribute to the overall success of the organization.
thank you very much, in my opinion the use of strategies is faster, more efficient, accurate, consistent, easier to manage, and processed in large quantities, and can provide services that suit customer tastes. (Windriyana 2023210005)
Thank you Mr. Anton, Carole and Lee. The main takeaway from this discussion is the importance of governance, risk management, and compliance (GRC) in the context of artificial intelligence (AI) strategy. It is crucial to have a robust GRC framework in place to ensure that AI models and applications align with ethical guidelines, business objectives, and regulatory requirements. This includes real-time performance monitoring, regular audits and validation of model predictions, periodic reviews, and feedback loops for continuous improvement. GRC helps in mitigating risks, ensuring compliance, and driving responsible AI adoption.
Thank you, Mr. Anton, Ms. Carole, and Mr. Lee for your explanations, this is very helpful. The implementation of AI in organizations and businesses can be greatly beneficial and even accelerate our work.
Thank you Mr. Anton, Carole and Lee. AI technology plays an important role in the company's strategic plan, and integration is very influential for long-term planning in organizations, playing a role in decision making, monitoring and evaluating the company's strategic roadmap, and AI will not play a full role, but the role of humans cannot be separated to make GRC more effective and efficient.
As Lee mentioned, we are facing a dynamic situation with exponential technological change. We can anticipate that change by continually updating and upgrading our knowledge through sharing with other people who may have different perspectives, situations, and experiences, for example, by attending seminars like Risk Beyond 2023, etc.
Artificial Intelligence (AI) is a fascinating and revolutionary field that brings significant advancements to humanity. AI aids us in various aspects of life, ranging from enhancing workplace efficiency to implementing cutting-edge technologies in healthcare. The wonders of AI are not just limited to data processing and automation, but also extend to its ability to improve quality of life, assist in scientific research, and offer innovative solutions to global challenges. Thx a lot mr Anton, Carole, And Lee,, It's great to hear that you're gaining new insights
Very insightful I can say. Thank you Pa Anton, Carole, and Lee for making this valuable discussion. Here's from my perspective that the importance of not only adopting AI but also strategically integrating it into the organization’s long-term plans and continuously monitoring its performance for ongoing improvement. It’s a comprehensive approach to leveraging AI for organizational success.
Thank you, Pak Anton, Carole, and Lee, for your insightful presentations. It's commendable how you've underscored the importance of understanding the use of AI in organizational settings and its integration into long-term planning. Recognizing the necessity to identify who is using AI, and whether open-source AI accounts are being utilized for personal or organizational purposes, is a critical step in harnessing AI's potential responsibly and ethically. Your emphasis on integrating Artificial Intelligence into a company's strategic plan is particularly forward-thinking. It’s impressive how you’ve highlighted AI as a pivotal element in the strategic roadmap of a company, acknowledging its growing influence in shaping business landscapes. The point about the necessity for ongoing performance monitoring and success measurement of AI implementations offers a robust framework for ensuring that these technologies not only align with but also actively advance organizational goals. Lastly, your approach to applying stringent monitoring and evaluation criteria to AI models is exemplary. Establishing a strong, periodic monitoring framework, coupled with an effective feedback loop and a commitment to continuous improvement, is crucial. This approach not only enhances the performance of AI applications but also ensures they remain aligned with evolving business needs and ethical standards. Your presentations provide a comprehensive and practical guide for organizations looking to leverage AI in a strategic, responsible, and effective manner.
Thank you very much for valuable sharing pa Anton, Carole and Lee. It give us another horizon related AI, as we know that AI help us in some activitites, and if it use as per regulation and monitoring well, i believe it will give us more advantages and added value, Hopefully in the future this AI can manage in some international standardization, so, all people in the world have some point of view and we can use AI with good risk mitigation, use well and monitoring as per standard to prevent some potential risks. We will wait for your next sharing Thank you very much.
The fast-paced changes that we are witnessing require us to embrace uncertainty and adapt to new technologies such as AI. They also present opportunities for growth and improvement for organizations. Key to organization resilience lies in anticipating, adapting, and growing in the face of change. Thanks for share this Conversation, Dr Antonius and Lee.
Pak Anton and Lee's conversation provides insight that AI can help organizations more accurately detect early symptoms of impending change that will significantly impact business resilience. With the support of AI, organizations become more anticipatory towards change and, of course, more agile in avoiding risks and taking advantage of profitable opportunities that arise when facing business uncertainty in the future.
Organization's Resilience is not just a challenge *but* a necessity for organization to be able to embrace their future, and keep sustaining their value-creation ability.
The statement highlights an essential truth about modern organizational dynamics. It rightly emphasizes that resilience is not merely a challenge to overcome but a fundamental necessity for organizations aspiring to thrive in the future. Such a forward-thinking approach is crucial for long-term success and relevance in an increasingly competitive and unpredictable market.
Remember that organizational resilience gives you the ability to successfully adapt to threats to your sustainability. Building a resilient culture takes time, but the rewards for any company are enormous. Results may not come as quickly as the next challenge, but it should not be forgotten that the most important thing is to learn to adapt to any situation. And only then can you truly become a resilient and sustainable organization.
While the statement is strong, it could be enriched by mentioning the role of leadership, culture, and strategy in fostering resilience. Leadership commitment, a culture that encourages agility and learning, and a strategic approach to risk management are all pivotal in building resilience.
Another insightful discussion between Pa Anton dan Lee. Organizational resilience is indeed more than just a challenge; it’s a fundamental necessity in today’s rapidly changing world. Organizations must be able to adapt and evolve in response to external changes and disruptions. This resilience enables them to not only survive but also thrive amidst uncertainty and change. It’s about maintaining and enhancing their value-creation ability, regardless of the challenges they face. Moreover, resilience is not just about reacting to changes but also about proactively shaping the future. It involves anticipating potential disruptions, preparing for them, and turning them into opportunities for growth and innovation. In this way, organizations can embrace their future and ensure their long-term sustainability and success. So, your statement well highlights the importance of resilience as a key component of an organization’s strategic toolkit. It’s a call to action for organizations to build resilience into their DNA and leverage it as a strategic advantage in their journey towards the future.
agree..Organizational Resilience is indeed a critical necessity, not just a challenge. It equips organizations to embrace their future confidently and sustain their value-creation ability. By being resilient, organizations can adapt to changes, overcome obstacles, and capitalize on opportunities, ensuring long-term success and stability
It’s very insightful video Pak Anton, Carole and Lee. It gives us a picture about the importance of a company knowing where AI is being used, whether they used in our strategic roadmap, and monitoring the performance of AI.
Dear Ms. Banowati, Yes as we need to ensure the curricula of any academic subject need to address the issue of AI to a certain level. thanks and regards
Many thanks pak Anton, Carole, and Lee. This insight very useful also for academician to enrich and updating the curricula, regarding the new era of digitalization, AI everywhere. We need to prepare the students to use AI wisely.
Their insights provide a valuable understanding of the interlink between strategy and Ai from the perspective of GRC. A big thanks to Dr Anton, Carol and Lee for making this discussion not only informative but also practical. Looking forward to the next discussion series on governance aspects in the context of what leadership must ask about GRC for Ai
Thanks Pak Wiriadi. As one of practicing board who has been in various industries and technology-led initiatives, your point of view is really appreciated.
Thanks Carole, Lee, and Pak Anton, for the insightful discussion. After watching this video, I understand that AI is a tool for effective strategy and decision-making process, and GRC gives some direction, identifying risks that will appear and boundaries about the implementation of AI. AI cannot set GRC, but Humans set it, so it is important to have competent people that make GRC effective, so AI can have a positive impact.
Fascinating insights on AI risks! It's clear that responsible development and implementation are key to mitigating potential issues. Great job shedding light on this important topic! Wiriadi
Thank you Pak Anton, Carole, and Lee...Very insightful... Now topics about AI so relevant...The third question interesting for me, about monitor performance AI and evaluate their impacts..This is important for us and company...Maybe related to risk mitigation too...The answers is feedback loops and drive continuous improvement...Because of that, AI can be relevant and useful for us...
