Seventy-eight percent of companies are using technology to drive business outcomes, yet only 28 percent are confidently applying it to internal governance, according to a CompTIA survey. (1) Recognizing the imbalance and resulting failures, Govenda today has launched their Artificial Board Intelligence Innovation (Gabii), at the precise time that boards, under intense scrutiny, need to evaluate whether their current software is extensive and thorough enough to keep in step with digital transformation and maintain their organizations’ sustainability.
We designed Gabii to ensure quick access to data and good communication among executives and directors, prioritization of board activities, and improved decision making
Marion Lewis, Co-Founder and Chief Executive Officer of innovative board management platform, Govenda, claims that boards must adopt the latest technologies in corporate governance to adapt to the evolving needs of board management, with AI being a must-have for board oversight ─ technology that prior to was not available in legacy board communication tools.
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Improved decision-making is beneficial in supporting an organization’s sustainability during harsh economic conditions. (2) “We designed Gabii to ensure quick access to data and good communication among executives and directors, prioritization of board activities, and improved decision making,” asserts Lewis. “Gabii is the answer to long-term sustainability for corporate governance,” she continues.
Boards charged with oversight for a company’s risk, opportunity, strategic goals, and the governance driving those goals find the landscape more unsettled than at any time in the last 50 years. Rapid and constant advances in the digital landscape raise fears that they will not be able to pivot in response to needed change. (3) A recent Gartner survey revealed that artificial intelligence was the top technology that CEOs believe will significantly impact their industry over the next three years, cited by 21% of survey respondents. CEOs who are not taking advantage of AI may be missing out on something competitively important for their companies. (4)
AI is the Solution for Board Governance
Gabii will facilitate decision-making through fast presentation of real-time data and ensure compliance from anywhere in the world. Experience and technology have led Lewis and Govenda to develop the AI-based proprietary technologies that use a customer’s data without compromising security:
- Administrative tasks: Create meetings, manage committee members, track RSVPs, reducing the need to perform tedious, repetitive tasks.
- Improved decision-making: With faster access to relevant information, board professionals and directors can make more informed decisions.
- Voice accessibility: Speak directly to Gabii to ask questions and complete tasks.
SOURCE: PRWeb