The adoption of AI and the rise of generative AI applications like ChatGPT are sparking concerns about privacy, security and transparency.
Companies that moved quickly to comply with these regulations were seen as socially responsible leaders. Moreover, they also avoided supply chain disruptions and won in the market against laggard competitors that delayed taking the steps necessary to comply.
• Foster a culture of responsibility by emphasizing the importance of ethical considerations in AI decision-making as well as encouraging transparency and inclusivity in AI development processes. • Involve diverse stakeholders from legal, compliance, IT, data science and business units in the decision-making processes around AI.
• Provide training to employees involved in AI development and deployment to ensure they understand the importance of AI governance and adhere to the established policies.• Data tools ensure data is collected, stored and managed securely and in compliance with data protection regulations. • Automated testing and validation capabilities allow your teams to assess model performance, identify biases and detect potential vulnerabilities before deployment.
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