AI GOVERNANCE
AI governance has begun in the USA by the Federal Trade Commission (FTC)
The European Union reached an agreement on December 8, 2023 – EU AI ACT
The Biden Administration has issued an Executive Order: Safe, Secure and Trustworthy AI
If your business uses AI in any capacity, then your business needs AI governance.
What is AI Governance?
It is a policy setting boundaries on the use of AI within the business. The type of AI used, will determine the level of due diligence required in implementing the necessary risk management system.
You MUST have an AI Governance policy if you use AI in the following manner:
Medical devices
Vehicles
Human Resources
Biometrics
Targeting
Predictive
Services
Infrastructure
Behavioral
Cybersecurity
Data Privacy
Surveillance
Chatbots
Testing
This is not a complete list. Regardless what your business uses AI for, you must have an AI Governance policy.