Why AI Governance is Smart for Businesses

With the EU AI Act officially in effect, AI governance has become a fundamental requirement for any AI business strategy.?

Neglecting governance at any stage of machine learning model development can lead to AI outputs that not only fail to meet expectations but also pose significant risks to businesses and the wider society. A recent Forrester report underscores this point: achieving high-quality, consistent, and trustworthy AI outcomes hinges on a strong governance foundation.?

An enterprise, for example, cannot responsibly leverage insights from an AI model that doesn’t adhere to proper security protocols - regardless of how compelling those insights may seem. The report advises that AI tools must be “aligned by desk (or risk decline)” to truly deliver on their promises.?

Researchers at the University of California Berkeley recently shared how a mindset shift around AI governance can drive value. They found that organizations that address AI governance as a strategic investment, rather than merely a proactive measure, achieve superior AI performance and unearth unexpected business opportunities. By investing in governance upfront, organizations can enhance AI model development and derive greater value from their AI initiatives.?

As business leaders carefully consider the investment, risks, and rewards of AI, integrating governance into every decision is crucial. To learn more about how Casper Labs is helping AI companies capture their full investment in AI, read here about our groundbreaking work with Greyscale AI.