Avani Desai joined Dr. Rebecca Wynn on the Soulful CXO. She is a Partner and President of Schellman Company, the largest niche CPA firm in the world focusing on technology and security assessments.
Desai shares her expertise in growth strategies, client and market development, and industry analysis. She also discusses her role as CEO and co-founder of MyCryptoAlert, a cryptocurrency push notification and portfolio app. With a background in IT risk management and privacy, she talks about her deep knowledge of emerging technologies such as blockchain, cloud computing, artificial intelligence, and the Internet of Things. She has been featured in Forbes, CIO.com, and The Wall Street Journal and is a sought-after speaker on security, privacy, and future technology trends.
Desai and Dr. Wynn discussed the need for organizations to balance innovation and responsibility when embracing AI. While AI has the potential to streamline processes, automate tasks, and enable data-driven decision-making, compliance should not be compromised in the process.
Organizations Can Navigate the Complex Landscape of AI with Responsibility and Integrity
Compliance is a critical pillar that must be integrated into any AI strategy. When implementing AI initiatives, organizations must consider ethical implications, data privacy, and security concerns. A proactive approach is necessary, which includes investing in a robust governance framework, implementing transparent and explainable AI models, prioritizing data privacy and protection, and collaborating with compliance experts.
Desai highlighted the importance of adapting to evolving regulations and aligning AI initiatives with compliance requirements. She discussed the need for an AI Acceptable Use Policy, which outlines ethical considerations, limitations, and guidelines for responsible AI deployment. This policy should cover data privacy, transparency, bias mitigation, and accountability.
Furthermore, they emphasized the importance of ongoing monitoring and assessments in AI implementation. Implementing AI is a collaborative effort but requires continuous evaluation and maintenance. Organizations must monitor their AI systems and conduct regular assessments to ensure compliance and mitigate any risks or issues that may arise.
The show underscores the importance of embracing regulations and actively managing compliance efforts. By staying informed, adapting to regulatory changes, and measuring and managing compliance, organizations can navigate the complex landscape of AI with responsibility and integrity.
Listen to the full episode to hear insights on cybersecurity and emerging technologies, the ethical implication of technology, and compliance.
Additionally, Desai shares her experience as one of the few women leading an accounting firm and the only woman of color leading a top 100 accounting firm. Her journey is inspiring and highlights the importance of diversity and representation in leadership roles.
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