Artificial Intelligence: Essentials, Strategy & Practical Applications

Dates:

• 18 - 22 November 2024 - London (£2,650)
• 23 - 27 June 2025 - London (£2,850)
• 10 - 14 November 2025 - London (£2,850)

Course Outline

Artificial intelligence (IA) constitutes a major component of the digital technologies that are transforming public and private sector business practices.  It is essential for organisations to understand the opportunities and risks that are inherent and develop their capacity to harness and manage these new technologies productively and effectively.

The course highlights the key factors involved in this process of transformation which entails the strategic adoption of AI and related digital technologies.  Participants will examine a range of practical applications of AI and how they are enhancing services and product offerings and bringing improvements in performance and efficiency; moreover, participants will explore through practical work the potential for AI adoption within their own organisation context.

This course will focus on: exploring the characteristics of AI and related digital technologies; key elements of adoption strategies; approaches to effective digital project management; legal and regulatory considerations; and the approaches required to mitigate increased digital age risks.

Course Objectives

On completion, you will be able to:

• Understand the nature of and factors involved in the evolution of the digital age and AI
• Appreciate the strategic modalities needed to derive benefits from digital transformation
• Recognise the nature and components of AI and related digital technologies
• Develop, implement and monitor effective risk management processes for AI
• Appreciate the requirements of digital services regulatory environment and how AI adoption requires enhancements to internal control and audit procedures
• Recognise the competencies needed to utilise digital technologies for strategic advantage
• Outline governance processes needed to establish effective cybersecurity measures to help mitigate digital age risks

Key Topics

• Artificial Intelligence and related technologies
• Benefits and limitations of AI      
• Practical applications of AI – sector examples
• Legal and regulatory framework for AI
• Digital transformation and AI strategy formulation
• Governance arrangements for digital transformation projects
• AI project implementing modalities, and risk management                                          
• Integrating AI and legacy systems process and challenges
• Aligning AI within the enterprise risk management framework
• Impact of AI on internal and external audit
• Nature and sources, and mitigation measures of risks in the digital age