Harvard Business Review November 20, 2024
Summary.
Organizations today face the challenge of using generative AI without falling prey to its drawbacks. Many companies have employed two basic layers of risk management strategies: policies on how to use the technology, and critical thinking about gen AI’s outputs. Companies should also adopt a novel third layer of risk management: team-based judgment. There are three aspects: collective judgment, in which teams engage in discussions to evaluate output and ensure accuracy; domain judgment, in which teams should delegate decision-making authority to those with the highest expertise or those closest to the work; and reflective judgment, in which teams should meet regularly to share and reflect...
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