A comprehensive guide to AI governance for enterprises

Did you know that in 2023, the Ireland Data Protection Commission fined Meta $277 million? Similarly, Amazon was fined $877 million in 2022 for GDPR breaches. The increasing frequency of such incidents highlights the regulatory risks associated with AI and makes a strong case for the need for AI governance practices across business organizations.

But AI governance isn't only about avoiding regulatory risks; it helps enterprises ensure compliance, ethical use and reliability of AI systems.

From an economic perspective, they benefit organizations by helping them improve the quality of their AI and data systems, ensuring higher efficiency and productivity. They also play a crucial role in mitigating risks and fostering trust, paving the way for growth and success. 

This whitepaper underscores the need for AI governance practices and highlights their significant benefits. With valuable insights from Anurag Sahay, our Head of AI and Data, this whitepaper covers the following facets of AI governance:
 

• How AI governance can enhance your business operations.
• How to ensure ethical AI use while driving business value.
• A deep dive into the key pillars of AI governance -trust, transparency, diversity, and capability.
• The pivotal role of corporate boards in overseeing AI initiatives and ensuring ethical deployment.
• How to equip your organization with the tools to navigate regulatory landscapes, mitigate risks, and drive sustainable growth through AI.