Members of boards tend to view their role as supporting the CEO and top management rather than monitoring them, according to three university professors who interviewed 48 corporate directors. "In fact, we were surprised by just how uniform this sentiment was among directors, regardless of demographics like gender or time spent on a board," writes Steve Boivie of Texas A&M, one of the researchers.
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Major companies have experienced considerable turnover among their chief data officers recently, notes NewVantage Partners CEO Randy Bean, as leading data-based initiatives becomes an expected part of the job. He predicts that the position will become even more important in the next year as businesses try to integrate unstructured data.
As the US government puts pressure on cloud service providers to continuously monitor security, automated methods are the only real solution, argues Abheek Sen of Noblis. "Traditionally, this work has been managed by spreadsheets in a manual, arduous process that just isn't practical in an expanding cloud environment," Sen writes.
Mastering the basics of data governance is a must for enterprises looking to advance with artificial intelligence, writes Rishu Saxena of Snowflake. Among Saxena's six rules for adapting: "If you're coming from an on-premises world, you'll often bring perceptions and biases about infrastructure that no longer apply to modern platforms in the cloud."
Creating relevant data is important for dealing with inevitable supply chain disruptions, writes CEO Stephany Lapierre of data management company TealBook. Lapierre points out that diversification is important because "many companies rely solely on China for their ability to manufacture goods at a low cost."
The Cyberspace Administration of China is considering regulating artificial intelligence with a law that algorithms "actively spread positive energy" and be approved by the government. CEO Arijit Sengupta of Aible writes that the idea is "incredibly bad and even dangerous" and an example of what happens when "people who don't understand AI try to regulate AI."
Hannah Flint of law firm Hunton Andrews Kurth explains how the Nasdaq's new rules promoting diversity on corporate boards have the stamp of approval from the Securities and Exchange Commission. In a phased-in process, companies initially will have to have one director who identifies as being female or an underrepresented minority, and later two such directors.