AI Impact Assessment Framework: Executive Summary

Introduction

The purpose of the AI Impact Assessment template is to help organizations identify which tasks and roles are most likely to be impacted as an AI initiative is launched. This framework is designed to assist your organization in developing skilling and reskilling programs, preparing for AI-driven industry transformations, and aligning your talent strategy with AI advancements.

Methodology

The AI Impact Assessment Framework consists of two phases: initialize and implement.

Phase 1: Initialize

1. Executive Alignment: Secure commitment from the executive team by outlining the vision, strategic objectives, and business case for AI adoption.
2. Stakeholder Identification: Identify and engage key stakeholders across the organization to ensure widespread support.
3. Define Objectives and Establish Metrics: Set clear organizational objectives and metrics to track the progress of AI-driven workforce transformation.

Phase 2: Implement

1. Job Inventory and Classification: Create a comprehensive inventory of all roles and classify them based on their potential for AI impact.
2. Task Analysis: Break down each job into individual tasks, assess their complexity, and identify those suitable for automation or augmentation by AI.
3. Capabilities Mapping: Map AI capabilities to specific tasks, ensuring alignment with business priorities and human capital.
4. Impact Assessment: Evaluate the effects of AI integration on productivity, roles, employee satisfaction, and overall business performance.

Key Components of the AIIA Framework

• Executive Alignment: Emphasizes the importance of securing executive buy-in and aligning AI initiatives with strategic business goals.
• Stakeholder Identification: Highlights the need for cross-functional collaboration and sustained stakeholder engagement.
• Define Objectives and Establish Metrics: Focuses on setting measurable goals and tracking progress to ensure long-term success.
• Job Inventory and Classification: Involves creating a detailed inventory of roles and classifying them based on their potential for AI transformation.
• Task Analysis: Entails a thorough examination of tasks to identify those that can be automated or augmented by AI.
• Capabilities Mapping: Aligns AI tools with specific tasks to optimize efficiency and productivity.
• Impact Assessment: Assesses the impact of AI on various aspects of the organization, including operational efficiency, employee satisfaction, and regulatory compliance.

Conclusion

The AI Impact Assessment Framework offers a structured method for insurance companies to manage the challenges of AI adoption. By systematically assessing tasks and roles affected by AI, organizations can take proactive steps to reskill employees, improve operational efficiency, and stay competitive in an evolving industry. Access the AI Impact Assessment Template.