| | NOVEMBER 202319CIOReviewCXO INSIGHTSArtificial intelligence (AI) has been dominating the headlines lately. The adoption of artificial intelligence (AI) and its impact on businesses stands at a turning point. It has progressed to where AI permeates into an emerging part of enterprise strategy at companies large and small, moving past the era of experimentation or proof of concept (POC). Today, AI presents an enormous opportunity to scale and mimic the human creative process turning data into insights and augmenting human capabilities by achieving breakthrough advances.The recent release of consumer-facing applications like ChatGPT, Bird, Dall-e, and Lensa is revolutionary. Generative artificial intelligence (AI) powers algorithms (such as ChatGPT and Bard) that can be used to create can generate artifacts, enhance creative work, and deliver innovative results known for human-like responses, including audio, code, images, text, simulations, and videos.These Emerging AI technologies are raising the significance of data governance, and businesses need to move away from outdated approaches. A new governance framework can decrease risks and maximize the value of data and algorithms that provide a competitive advantage.There are four key elements of AI governance:Data: AI systems are trained on domain data, so it is important to ensure that the data is collected and stored in compliance with government regulations, managing the overall process. This includes ensuring that the data is accurate, complete, unbiased, reliable, and vetted.Algorithms: AI systems are built on algorithms, so it is important to ensure that the algorithms are fair and transparent. Black box models are raising concerns that are built and deployed, but it isn't easy to trace how and why decisions were reached. This lack of transparency can lead to ineffectiveness, resulting in delayed models or never seeing the light of day.By Simon azim, Director - Data Governance & Analytics Strategy, Georgia-PacificENTERPRISE AI GOVERNANCE A SENSIBLE APPROACHSimon azim
< Page 9 | Page 11 >