Episode 85: Harnessing AI for ERP Innovation: Balancing Growth, Ethics, and Governance

In this episode, we explore AI in ERP. The impact of AI on ERP systems and organizational change, focusing on ethical implications, innovation, and governance. Our expert guest shares valuable insights on AI-driven transformation, risks, and best practices, providing valuable guidance for private equity firms, portfolio companies, and stakeholders involved in ERP organizational change. Tune in to learn how AI is revolutionizing enterprise resource planning and shaping the future of business systems. Guest: Clara Durodie Board Member • Fintech, AI Risks, Governance & Artificial Intelligence | Speaker, Author, Investor Follow More about Clara Clara Durodié is a highly regarded expert in AI governance, fintech, and digital transformation, with over 25 years of experience in financial technology and finance. Clara is a senior trusted advisor to management teams, boards of directors, private equity and venture capital firms and their portfolio companies. As the founder and CEO of Cognitive Finance Group, Clara also advises financial institutions, fintechs, technology firms, and governments on the ethical use of AI to drive innovation and growth. Clara is widely recognized as a thought leader in AI and has been featured in leading publications such as Financial Times and Forbes. She’s also a popular keynote speaker at high-profile events like SIBOS, Money 2020, Point Zero Forum, Innovate Finance Global Summit, AI World, SCxSC, Fin/Sum. She has been invited as a guest lecturer by leading universities like the University of Oxford, MIT and LBS. In 2019, she was invited to join the teaching team at the Oxford AI course. As an author, Clara has written the book “Decoding AI in Financial Services: Business Implications for Boards and Professionals”, publishes the weekly newsletter “Decoding AI® Board Briefing” and hosts the “Decoding AI® Podcast.” Her academic research interest sits at the intersection of neuroscience, AI and wealth management. Prior to 2014, Clara served in leadership roles in European asset & wealth management, is a member of the Chartered Institute for Securities and Investment (UK), has a Certificate in Investment Management (UK) and holds a Master’s degree from the University of Oxford. Based in London, Clara works with a diverse range of international clients. Expertise:• AI risk and AI governance• Data + technology ethics • Fintech• Digital transformation• Corporate innovation + growth• Geopolitics and geosecurity of AI • Digital Economy• Science and Innovation Policy• Investments in AI• Startups growth and product development • Polymath with multidisciplinary analysis + synthesis skills Host & Founding Partner of Nestell & Associates Follow Episode Highlights Timeline Segment 1: Ethical Implications of AI in ERP [06:16] What are some ethical considerations that organizations should keep in mind when implementing AI in their ERP systems? [16:34] How can companies ensure they’re using AI ethically in their ERP and organizational change processes? Segment 2: AI Driving Innovation and Growth in ERP [35:31] How do you see AI transforming the way companies approach ERP and business systems in the coming years? [43:35] Can you share some examples of how AI has driven innovation and growth in ERP systems for organizations you’ve worked with? Segment 3: AI Risks, Governance, and Geopolitics [46:25] What are the major risks and challenges organizations face when implementing AI in their ERP systems, and how can they mitigate them? Can you discuss the importance of AI governance in ERP systems and share some best practices? 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About Nestell & Associates Where People, Processes, and Technology Align Nestell & Associates is a highly specialized IT and ERP change management consulting firm that serves as a business-savvy, tenured, and highly technical-proficient business partner to private equity firms. We provide expert vendor-neutral IT and ERP services necessary to support their business objectives. Our team of experts excels at organizational change, preparedness, and digital transformation success. Our approach has been proven to be successful by focusing on key areas such as organizational culture, change, and readiness, we’ve helped our clients achieve their IT and ERP business objectives from improving IT security to managing complex transformational M&A initiatives. We are passionate about helping our clients succeed and achieving positive outcomes. Our goal is to provide the most efficient, organized, experienced, and productive professionals in the industry to implement processes, resources, and technology that will give our private equity partners a competitive advantage and deliver real return on investment. Learn More! Nestell & Associates News Dedicated to Private Equity Stakeholders, Practitioners & Researchers Seeking ERP Organizational Change Success! Get the latest Podcast Episodes, Blog Posts, and Research. Leave this field empty if you're human: Follow Follow Follow Follow Where People, Processes, and Technology Align Private Equity Merger and Acquistion Digital Transformation Leadership, Advisory, and Consulting Services Nestell & Associates 5000 Birch Street - West Tower, Suite 3000 - Newport Beach, CA 92660, USA Phone (949) 608-2299 Email info@nestellassociates.com

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Episode 85: Harnessing AI for ERP Innovation: Balancing Growth, Ethics, and Governance is an episode from The ERP Organizational Change Journal by Nestell & Associates.

This episode is 00:58:30 long.

This episode was published on Jun 28, 2023.

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