These are the 10 things I said today about how Boards of Directors can drive AI & Analytics at the International Directors Summit:

• You are sitting at the Board to set a very clear mandate to drive safe and sustainable implementation of AI & Analytics. Learn about AI before going to the Board
• If your business does not get into AI & Analytics it will probably die
• AI is composed of 5 technologies: from highest to lowest ROI and maturity,
  • automation
  • predictive analytics for decision support
  • natural language processing
  • machine vision
  • cognitive agents

• Set KPIs around Analytics & AI maturity and their economic impact
• Mandate that the most critical use cases in your industry are implemented
• The analytics team needs to be multi-disciplinary, with both business and technical people in the same room
• Hire a balanced person between technology and business as head of analytics
• Do not outsource predictive analytics. It’s OK to outsource systems management and data engineering
• Analytics cannot be in IT or Strategy, it has to be organizationally coupled with daily business decisions
• Create a data governance policy and define a minimum baseline for cybersecurity & privacy

Bonus: Get one strong data-driven CXO champion. An outsider.

This article is taken from LinkedIn.