[The following is a condensed version of Credera’s whitepaper Five steps to a future-proof AI governance framework—download the whitepaper to read our full perspective.]
Artificial Intelligence (AI) has the potential to revolutionize industries and drive significant economic growth. However, adopting AI comes with unique challenges in implementation, management, and security. Effective AI governance—a system of rules, practices, and processes that direct how AI can be used—is essential to address these challenges, but creating the right-sized governance framework is complex.
A poor governance program will slow innovation, hindering the development and deployment of cutting-edge AI solutions. It is not uncommon for them to be costly while not adequately protecting the company from security risks.
This is why Credera has established a guideline for building a fit-to-size, AI enablement and security program that makes AI deployment fast and safe.
Credera’s approach to AI governance and security
Credera's approach to AI governance and security ensures fast and safe AI deployments by aligning governance structures with business needs. We emphasize forming an AI governance board, defining comprehensive data privacy policies, establishing a governance framework based on principles from reputable organizations like the Organization for Economic Co-operation and Development (OECD) and the National Institute for Technology and Standards (NIST), and automating processes and components where possible.
By preapproving AI platforms and investing in automation, we streamline project intake and review processes, enable quicker deployments, and minimize roadblocks. Continuous monitoring and adaptation are crucial to maintaining the integrity and success of AI projects. Credera's comprehensive, business-aligned approach mitigates risks, drives innovation, and supports sustainable growth, making us a trusted partner in your AI journey.
This focus on enablement over enforcement addresses common governance failures by appropriately scoping frameworks and controls, securing executive sponsorship, and fostering a culture of accountability and transparency.
Credera's 5-step approach
In our full whitepaper, we unpack the following five steps to building AI governance and security:
AI governance foundation
Form an AI governance board or committee
Define your AI data privacy policy
Establish your AI governance framework
Define boundaries for AI ethics
AI data governance
Establish guidelines for proper collection, usage, and handling
Establish any data no-fly zones
Establish preferred sources of truth
AI platforms
Research AI platforms and technologies
Assess the security and privacy of acceptable AI platforms
Create preapproval AI tooling for faster implementation
Integrate AI projects into your implementation pipeline
Define clear project goals
Identify relevant stakeholders
Gather detailed requirements
Assess data availability and quality
Conduct a risk assessment
Establish thorough post-project review processes
Continual AI governance
Establish metrics to evaluate performance and impact
Maintain a monitoring program
Watch for requirement changes
These steps detail Credera’s approach to developing a tailored AI governance program that balances innovation and governance to ensure fast yet safe and cost-effective AI deployments.
Your AI security and governance solution
As AI continues to evolve and integrate into various industries, the importance of robust and effective governance cannot be overstated. The Credera solution accomplishes that by:
Focusing on enablement, not enforcement.
Balancing regulatory compliance with business agility.
Defining clear data privacy policies with dedicated governance boards.
Leveraging established frameworks to make AI deployments both fast and secure.
Committing to continuous monitoring and adaptation to ensure AI projects remain aligned with business goals and regulatory standards.
What sets Credera apart is our unique ability to balance regulatory compliance with business agility, ensuring AI governance frameworks that are both robust and flexible. Our diverse team of experts and our commitment to transparency and accountability further differentiate us, providing clients with a trusted partner in their AI journey.
To learn more, check out our full whitepaper. If your organization needs guidance in crafting and implementing this strategy, Credera’s specialists can help. Schedule a call to get started.
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