If you are reading this article, then the answer to this question is most likely – YES!
Do you need AI Governance? Well, some of these common scenarios may apply to your organisation right now –
- ABC Corp does not have effective structures or practices in place today, exposing the organisation to unacceptable risk and exposure
- There are key gaps, including a lack of clear accountability and authority for key decisions related to AI, a lack of governing policies, and an absence of integrated AI risk management and governance.
- To enhance practices in the organisation, we recommend that ACME Corp establish governing structures, develop policies in line with the identified policy framework, and integrate AI risk management with enterprise risk management.
If these do apply, there are straightforward steps to take from here to turn this around, and it can be as simple as a one-on-one initial conversation, followed by a series of guided and tailored workshops with key personnel to sort out your requirements.
What could this look like?
An example of this could be identifying common AI-related risks, developing structures such as a dedicated committee with operational command responsibilities, engaging with employees to understand their AI-related activities and tools, training staff, and creating outward-facing statements to inform customers.
Hopefully, this article will help paint the picture for you. What exactly is AI?
In an article by a joint initiative of Ready Research and researchers at the University of Queensland, you’ll get a broader sense of where we are in Australia – AI Governance in Australia
We started DataBench in 2018 to specifically help businesses, large and small, address their data privacy compliance and governance challenges. We have a customer-first approach to data privacy, and we have developed solutions that will secure your business today and into the future.
We’ll continue to look at these AI topics, and anytime you feel the need to learn more about AI Governance, you can reach out to us here at https://www.databench.com.au.
