Transparency in using advanced tech drives trust

As advanced technologies have taken a prominent role in business, they are impacting not only efficiency and profit but also the value of a trusted name. Trust is either increased or diminished based on how technological capabilities — including emerging tech, artificial intelligence and data monetization strategies — are managed, deployed and communicated. The foundation for trust is transparency in both data use and privacy protection.

Board governance of the ethical use of advanced technologies and capabilities figures highly in trust, transparency, reputation and valuation — and stability and growth.

A cohort of directors convened by Grant Thornton LLP and the National Association of Corporate Directors (NACD) documented the role that boards play in ensuring that trust in their organization is protected. Participants examined how advanced capabilities may impact the business model, customers and employees.