Canadian Businesses And AI: Why An AI Policy Is No Longer Optional

As AI becomes central to Canadian business strategy, having a robust AI policy is essential.

Recent advancements in artificial intelligence ("AI") technology have led to significant scientific breakthroughs. Canadian businesses are well placed to take advantage of this progress by using AI tools to increase efficiency and decision making. However, these advancements are not without potential risks such that a comprehensive AI policy is critical for Canadian businesses. A well-drafted AI policy will not only reduce legal risk, but also enhance a company's reputation as a responsible AI adopter. Below we have outlined reasons why Canadian businesses should consider implementing an internal AI policy.