Skip to main content

1,000+ business leaders collaborate to create Enterprise GenAI Governance Framework

A number of industry leaders — over 1,000 in total — have come together to create the Enterprise GenAI Governance Framework, which provides guidance that businesses can use to assess their AI readiness, identify associated risks, and responsibly adopt generative AI.

The initiative was spearheaded by integration platform Boomi, professional services firm Connor Group, and a number of professors, including David Wood from Brigham Young University, Scott Emett from Arizona State University, and Marc Eulerich from University of Duisberg-Essen.

According to the creators, the framework can be utilized by companies of any size and can be modified to suit specific objectives, needs, and risk appetites. 

“Effective AI adoption will be a massive competitive advantage, but many don’t know where to start and how to apply it,” said Jeff Pickett, chair and founder at Connor Group. “A few AI tools exist now, with many on the way, and they are coming fast. Having a smart AI adoption strategy with underlying controls, data, and processes that are ready for AI takes time. The most competitive companies are doing these things now.”

The Enterprise GenAI Governance Framework also works well alongside the GenAI Governance Framework Maturity Model (also created jointly by Wood, Emett, and Eulerich), which allows businesses to evaluate their current governance practices, find areas for improvement, and plan for those improvements to be implemented. 

“Overall, the GenAI Governance Framework and accompanying Maturity Model serve as essential resources for organizations seeking to navigate the evolving landscape of AI,” said Wood. “By adopting these tools, organizations can enhance their preparedness, resilience, and capability to harness the benefits of AI while effectively managing its risks.”

You may also like…

Report: Ethical AI use will be a competitive business advantage

Discerning reality from the hype around AI

Dataiku helping companies prepare for EU AI Act with new readiness program

The post 1,000+ business leaders collaborate to create Enterprise GenAI Governance Framework appeared first on SD Times.



from SD Times https://ift.tt/Dtf4NWC
Labels:

Comments

Post a Comment

Popular posts from this blog

Difference between Web Designer and Web Developer Neeraj Mishra The Crazy Programmer

Have you ever wondered about the distinctions between web developers’ and web designers’ duties and obligations? You’re not alone! Many people have trouble distinguishing between these two. Although they collaborate to publish new websites on the internet, web developers and web designers play very different roles. To put these job possibilities into perspective, consider the construction of a house. To create a vision for the house, including the visual components, the space planning and layout, the materials, and the overall appearance and sense of the space, you need an architect. That said, to translate an idea into a building, you need construction professionals to take those architectural drawings and put them into practice. Image Source In a similar vein, web development and design work together to create websites. Let’s examine the major responsibilities and distinctions between web developers and web designers. Let’s get going, shall we? What Does a Web Designer Do?
Post a Comment
Read more

A guide to data integration tools

CData Software is a leader in data access and connectivity solutions. It specializes in the development of data drivers and data access technologies for real-time access to online or on-premise applications, databases and web APIs. The company is focused on bringing data connectivity capabilities natively into tools organizations already use. It also features ETL/ELT solutions, enterprise connectors, and data visualization. Matillion ’s data transformation software empowers customers to extract data from a wide number of sources, load it into their chosen cloud data warehouse (CDW) and transform that data from its siloed source state, into analytics-ready insights – prepared for advanced analytics, machine learning, and artificial intelligence use cases. Only Matillion is purpose-built for Snowflake, Amazon Redshift, Google BigQuery, and Microsoft Azure, enabling businesses to achieve new levels of simplicity, speed, scale, and savings. Trusted by companies of all sizes to meet
Post a Comment
Read more

2022: The year of hybrid work

Remote work was once considered a luxury to many, but in 2020, it became a necessity for a large portion of the workforce, as the scary and unknown COVID-19 virus sickened and even took the lives of so many people around the world.  Some workers were able to thrive in a remote setting, while others felt isolated and struggled to keep up a balance between their work and home lives. Last year saw the availability of life-saving vaccines, so companies were able to start having the conversation about what to do next. Should they keep everyone remote? Should they go back to working in the office full time? Or should they do something in between? Enter hybrid work, which offers a mix of the two. A Fall 2021 study conducted by Google revealed that over 75% of survey respondents expect hybrid work to become a standard practice within their organization within the next three years.  Thus, two years after the world abruptly shifted to widespread adoption of remote work, we are declaring 20
Post a Comment
Read more