“First, they need to identify the areas of their business where AI can be most effective and beneficial and develop a clear strategy for integrating AI into those areas,” she advised.“They also need to ensure that their data infrastructure is capable of supporting AI initiatives by investing in technologies like cloud computing, data analytics, and machine learning tools.
“By taking these steps, businesses can prepare for the integration of AI and reap the benefits of increased efficiency, productivity, and innovation,” she concluded.Ferraro said there are steps that companies can take to help minimize the dangers and threats of using AI. “Be wary of the pell-mell use of AI by business employees. Put policies in place to protect the confidentiality of contractually protected information,” he recommended. “Comply with data privacy regulations and options that allow users to have their information deleted or protected from being shared with third parties, [and] be transparent with customers, employees, and partners about the use of AI or chatbots.
Ferraro said corporate executives should “Plan for disinformation dangers proactively, communicate company messages, monitor corporate brands online, and be prepared to respond in the case of an incident.”
When in Rome do as the Romans do. The rest is commentary