Beyond the hype: Key components of an effective AI policy; CIO, October 2, 2024

 Leo Rajapakse, CIO; Beyond the hype: Key components of an effective AI policy

"An AI policy is a living document 

Crafting an AI policy for your company is increasingly important due to the rapid growth and impact of AI technologies. By prioritizing ethical considerations, data governance, transparency and compliance, companies can harness the transformative potential of AI while mitigating risks and building trust with stakeholders. Remember, an effective AI policy is a living document that evolves with technological advancements and societal expectations. By investing in responsible AI practices today, businesses can pave the way for a sustainable and ethical future tomorrow."

GenAI in focus: Understanding the latest trends and considerations; Thomson Reuters, June 27, 2024

 Thomson Reuters; GenAI in focus: Understanding the latest trends and considerations

"Legal professionals, whether they work for law firms, corporate legal departments, government, or in risk and fraud, have generally positive perceptions of generative AI (GenAI). According to the professionals surveyed in the Thomson Reuters Institute’s 2024 GenAI in Professional Services report, 85% of law firm and corporate attorneys, 77% of government legal practitioners, and 82% of corporate risk professionals believe that GenAI can be applied to industry work.  

But should it be applied? There, those positive perceptions softened a bit, with 51% of law firm respondents, 60% of corporate legal practitioners, 62% of corporate risk professionals, and 40% of government legal respondents saying yes.  

In short, professionals’ perceptions of AI include concerns and interest in its capabilities. Those concerns include the ethics of AI usage and mitigating related risks. These are important considerations. But they don’t need to keep professionals from benefiting from all that GenAI can do. Professionals can minimize many of the potential risks by becoming familiar with responsible AI practices."