Organisations face increasing pressure to adopt AI and other new technologies to realise a wide range of benefits, including improved productivity, efficiency and customer service,
Without a structured approach to managing AI risk, organisations are exposed to commercial, regulatory and reputational risks.
At its simplest, AI governance is the system by which an organisation controls its use of AI systems. An effective AI Governance Framework enables the consistent, coordinated and appropriate management of AI risks across an organisation.
The specific content of an AI Governance Framework will depend on your organisation’s risk profile and target maturity, but at a high level, your AI Governance Framework will:
In developing an AI Governance Framework for your organisation, elevenM will not re-invent the wheel. Like privacy and cyber security, durable and effective AI governance will leverage existing frameworks and systems (such as IT system inventories, risk management and decision-making processes).
elevenM will work with you to establish a target maturity for your AI Governance Framework and develop tailored and prioritised recommendations to bring you to your target maturity.
Our approach involves assessing existing structures and practices against a set of defined best practices and industry benchmarks, including from the Commonwealth Scientific and Industrial Research Organisation (CSIRO) and the US National Institute of Standards and Technology (NIST).
AI ethics principles are a useful starting point and valuable statement of what your organisations considers ethical and appropriate when using AI. However organisations often struggle to operationalise these principles, and that’s where an AI Governance Framework comes in.
We work with every organisation individually to tailor our work to your needs.