Artificial intelligence (AI) has significantly transformed the decision-making landscape, especially for governing boards. With the ability to process massive amounts of data, detect patterns, and predict trends, AI enables board members to make more informed and accurate decisions.
Additionally, AI can automate routine processes, freeing board members to focus on more impactful issues. Embracing AI has become commonplace for organizations across the globe so they can remain competitive and work more efficiently.
Board members have begun implementing artificial intelligence strategies into their meeting software to stay one step ahead of the game. Read on to learn why boards leverage AI to record meeting minutes and discover how OnBoard AI helps modern boards enhance governance.
What is Artificial Intelligence?
Artificial Intelligence (AI) enables machines to mimic human intelligence by performing tasks like learning, reasoning, problem-solving, and decision-making. Through algorithms and models, AI systems can analyze data, recognize patterns, and adapt over time to improve their performance.
By simulating aspects of human thinking, AI enhances our ability to solve complex problems, automate processes, and create smarter technologies that respond effectively to various tasks and situations.
Let’s take a look at some AI use cases as they relate to business strategy:
- Data-driven decision-making: This involves analyzing quantitative (numerical) and qualitative (descriptive) data to make strategic choices and enhance governance. This allows organizations to gain better insights on trends and market forecasts. In short, AI ensures board decisions are based on evidence rather than assumptions.
- Risk management and fraud detection: Especially in the government sector, many organizations are vulnerable to fraudulent activities. Risk management and fraud detection involves identifying, assessing, and mitigating potential threats. AI can recognize unfamiliar patterns and quickly flag and eliminate any potential threats.
- Predictive analytics for strategic planning: By leveraging historical data and studying algorithms, board members are better equipped to make informed decisions when it comes to resource allocation and organizational goals. AI simplifies this process by automating data analysis, decoding complex patterns, and generating insights to guide decision-making.
- Automating routine reporting and compliance: AI aids in the automation of routine reporting and compliance by streamlining data collection and analysis. It also minimizes the risk of errors and fines from regulatory agencies.
- Meeting minutes: Meeting minutes for board members serve as a formal record of discussions, decisions, and action items. AI has advanced capabilities to streamline this process, such as automatically transcribing discussions and summarizing key points, which enhances accuracy and saves time.
Efficiently track and document board decisions with our Meeting Minutes Template
Artificial Intelligence Meeting Minutes Tools
Using AI to capture meeting minutes involves automated transcription and summarization, allowing for real-time capture of discussions and decisions. Additionally, AI can identify and track follow-up tasks assigned during meetings.
1. OnBoard
In today’s fast-paced business environment, effective communication and collaboration are essential for successful board meetings. OnBoard’s purpose-built meeting software integrates advanced artificial intelligence strategies to streamline the entire process.
OnBoard AI offers cutting-edge capabilities purpose-built to support the ways boards work. From navigating complex governance challenges to making smarter decisions, our AI tool can help your board or committee unlock new levels of efficiency and effectiveness.
Imagine having an intelligent assistant who can analyze past meeting notes, summarize key points, and even suggest relevant data or insights tailored to your board’s objectives. OnBoard meeting software uniquely combines comprehensive meeting management features with AI integrations, setting it apart from traditional tools.
Other solutions often focus on specific tasks, yet OnBoard was designed to streamline all aspects of meeting management.
2. Krisp
Krisp is a software company that focuses on improving audio quality for calls and virtual meetings by using AI to remove background noise. Their technology filters out unwanted sounds, such as typing, street noise, or other distractions, ensuring clear voice communication. Krisp’s solution integrates with various conferencing and communication tools, enhancing the audio experience for remote workers, customer support, and other users who rely on clear, distraction-free communication.
3. Granola
Employee engagement and well-being are at the heart of all successful organizations. Granola’s platform is designed to help organizations create a positive workplace culture by providing specific AI tools for feedback, recognition, and development.
4. Circleback
Circleback is a company focused on improving contact management and networking through AI-developed tools. As your organization grows, so do your contacts and Circleback helps you manage and keep their information up to date.
5. Otter.ai
Advanced speech recognition (ASR) technology has grown incredibly over the years. Transcription services such as Otter.ai use advanced ASR programming to convert spoken language into written text in real time.
OnBoard AI Powers Effective Board Meetings
OnBoard AI stands out as the best choice for organizations seeking to elevate their meeting experience through seamless AI integration. By harnessing advanced AI technologies, OnBoard automates tedious administrative tasks, enhances board collaboration, and provides real-time and accurate insights to guide your business strategy.
OnBoard’s intuitive features ensure every meeting runs smoothly while safeguarding sensitive board materials.
Check out our Board Management Software Buyer’s Guide today to learn about the features and capabilities of leading board management providers.
The comprehensive blueprint for selecting a results-driven board management vendor.
Ready to upgrade your board’s effectiveness with OnBoard’s board intelligence platform? Schedule a demo or request a free trial.
About The Author
- Adam Wire is a Content Marketing Manager at OnBoard who joined the company in 2021. A Ball State University graduate, Adam worked in various content marketing roles at Angi, USA Football, and Adult & Child Health following a 12-year career in newspapers. His favorite part of the job is problem-solving and helping teammates achieve their goals. He lives in Indianapolis with his wife and two dogs. He’s an avid sports fan and foodie who also enjoys lawn and yard work and running.
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