Partner Carolyn Welshhans joined a podcast from Oyster Consulting to continue her discussion from Part One and Part Two of this podcast series. In Part Three, Carolyn and her fellow panelists analyze the practical realities facing firms implementing artificial intelligence (AI) solutions and the “central tension” around the “incredible promise” of AI.
“There are a lot of ways that people generally have been able to identify efficiencies and positive things that it can provide to a business, including in the financial area,” Carolyn said. “But at the same time, you’ve got to think about the fact that, ok, so what are the regulatory requirements? What is this going to mean for our governance? What are the things we’ve got to think through of how this fits into either what we’re already doing, or does it create a new obligation on our end that we didn’t have to deal with before? And that’s not to say you shouldn’t adopt AI if it makes sense for your business. It’s just that you’ve got to think all of this through, think through the different regulatory regimes that might apply to your business.”