AI is a powerful force, driving innovation but posing risks if left unchecked — it seems we might need some global AI governance insights to show the way forward. AI’s immense value comes with managing potential threats and societal impacts. To achieve this balance, companies must instil AI governance that supports ethical AI development and its effective integration into services. Steps towards this include creating an AI ethics board, structuring a solid governance program, and promoting a culture that embraces trustworthy technology through ethical AI education.
Navigating the world of AI regulation
Governments worldwide are awakening to the need for AI regulation. The EU’s anticipated AI Act has been under development for years, while countries like Singapore and Japan are leading with ‘soft law’ approaches, underscoring the need for international standards. The emergence of the NIST AI Risk Management Framework and growing litigation trends worldwide signify the critical need for comprehensive AI regulation.
Ethics at the heart of AI
Companies must place ethics and governance front and centre as the AI landscape evolves. They need to tackle emerging risks, explore responsible AI, and develop a solid framework for privacy legislation. This isn’t just the right thing to do; it’s essential for sustainable global innovation.
Michalsons: Your AI governance guide
At Michalsons, we stand by our clients on their AI governance journey. With our tailored documents and bespoke training, we’re here to help you with AI governance. We can balance innovation and governance together, leading towards a safe, bright AI future.
Next steps you can take
- Enhance your AI governance strategy by contacting us about our AI governance documents.
- Fortify your organisation’s AI ethics and governance by establishing solid internal policies.
- Guide your organisation towards responsible AI use by participating in Michalsons’ tailored training programs.
- Check out the NIST AI Risk Management Framework and EU AI Act.
