Navigating Artificial Intelligence Governance Challenges in Organizations

Boards need to be well-equipped to ensure that their organizations have a governance structure in place that can be adapted to the new digital playing field. They need to adapt the organizations’ internal controls to the new environment. The digital economy has created a paradigm shift that is triggering a change in how organizations govern. As the physical and virtual worlds converge into the metaverse, the value of information and intangible assets is on the rise. As I write this story, it is becoming increasingly apparent that there is an immediate urgency for organizations to think about how they can navigate the challenges posed by artificial intelligence (AI).