Just like any other function within a business, adoption and use of AI involves risk management. Unlike many other functions, though, the potential repercussions and impacts of AI are wide-ranging, extending to ethical as well as legal and practical issues.
The earlier a company can understand the potential impacts of AI and put best practices and policies in place, the better. These will depend on the business and its application, but issues of inaccuracy and bias have already been well-documented, as well as the associated risks to physical safety, human rights, and even political fairness.