Unlocking the potential of augmented intelligence: a discussion on its role in boardroom decision-making

Recent developments in artificial intelligence (AI) have made AI applications in corporate governance an area of increasing interest to researchers and practitioners. Augmented intelligence, also known as advisory intelligence, is a form of collaboration between humans and AI, where the goal is to enhance human capabilities. It represents the second stage of AI development in corporate governance. In the realm of boards of directors, augmented intelligence offers a unique opportunity to enable machines to effectively collaborate with board members. This collaboration allows boards to harness the expertise of AI without supplanting the essential human element. In contrast, there exist more autonomous AI systems designed to operate independently, which could potentially lead to the replacement of humans on the board. This study seeks to assess the suitability of augmented intelligence for corporate boards, particularly in comparison to these more autonomous AI systems. Furthermore, it addresses the application of augmented intelligence in boardroom decision-making, its role in improving directors' decision-making abilities, and the associated risks and challenges.