Digitalisation - Review Competitive Strategies using AI: A Board’s Perspective
No board can fulfil its oversight duties without considering artificial intelligence (AI) and its potential to transform and disrupt strategy. AI’s potential value is enormous. According to a study of 16 industries by Accenture, AI is capable of increasing profitability rates by an average of 38% and add trillions of dollars in gross value by 2035.
To reap that value, companies are starting to compete using AI by disrupting industries with new business models. They have to simultaneously raise and serve customer expectations and partner with technically advanced ecosystem partners. It is timely for directors to perform both an inward and outward evaluation - reviewing their own knowledge and their company’s activities, as well as appraising the use of AI beyond the walls of the boardroom and the company.
This webinar will help boards and directors independently evaluate and guide management in using AI to advance their company’s strategy in a responsible way, providing them with frameworks and questions to assess their understanding of AI & their company’s future AI activities.
M. Nazri Muhd
ICDM Faculty and President/CEO, MyFinB, Singapore
"Nazri specialises in AI and cognitive analytics, having spent more than two decades as a practitioner in these fields. He is currently the Founder/Group CEO of an award winning tech company called MyFinB. Nazri successfully led the Group to be named Asia-Pacific's Top 25 Hottest Fintech Companies in Asia Pacific and Top 30 Globally Most Attractive Companies, awarded by APAC CIO Outlook and The Silicon Review respectively in 2018. Nazri was also awarded the Young Business Leader Award (Innovation) by the Ministry of International Trade and Industry (MITI) in 2010.
Prior to heading the venture builder group, Nazri was part of the investment and research team of major asset management groups like Citigroup and Prudential and an international ratings agency (Fitch Ratings), covering financial institutions in Asia.
Regarded as one of the early pioneers to deploy AI-based analytics in Asia-Pacific, Nazri plays a leading role in the digital transformation of the financial sector in the region. He is also a regular contributor on AI-related topics to the Malaysian Business magazine, and has made numerous media appearances and spoken on the topic in various parts of Europe, Asia, Africa and the Middle East.
Nazri has an MBA from University of Western Australia and a Bachelor’s degree in accountancy and economics from the University of Queensland, Australia, as well as a Diploma in Accountancy from Ngee Ann Polytechnic, Singapore."