Partner Carolyn Welshhans joined a podcast from Oyster Consulting to continue her discussion from Part One, Part Two, and Part Three of this podcast series. In Part Four, Carolyn and her fellow panelists discuss how financial services firms should prepare for adopting AI, highlighting the importance of establishing clear use cases, governance models, risk management, and compliance framework before implementation.
Carolyn said, “Where I start is the use cases. You’ve made the decision that you’re going to be using AI, and I think you want to make sure you’re really clear and have thought through who’s going to be using it and for what purposes. That’s thing one when you’re thinking about your policies and your governance.”