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

The ERP Organizational Change Journal

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.

https://episodes.castos.com/5fc108e0462768-18027408/4dfcfdfe-fce5-4373-9ad2-372ad1e74112-Episode-85-Clara-Durodie.mp3

Guest: Clara Durodie

Board Member • Fintech, AI Risks, Governance & Artificial Intelligence | Speaker, Author, Investor

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www.clara-durodie.com

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

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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?

[52:12] Golden Nugget of advice based on this conversation:

Related Episodes & Blogs

Episode 50: Digital Transformation using Emerging Technologies with guest Fawad Khan

Episode 39: The Smartest Person in the Room with guest Christain Espinosa

Episode 38: How Artificial Intelligence is Transforming the ERP Systems with guest Sam Goundar

Episode 32: Leadership, Innovation, and Technology with guest John Rouda

Episode 12: Business Intelligence and ERP Systems: A Conversation on Emerging Technology, Innovative Ideas, and Success Factors with guest Daniel O’Leary

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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.

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