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Many companies have AI policies, or guidelines that spell out how the technology should be used, but fewer have clear decision-making structures to back them up. That gap is what AI governance is meant to address.
As Paavana Kumar, partner at Davis +Gilbert LLP, said during Ragan’s AI Horizons Conference, most organizations are already using AI, but very few are prepared to explain or defend how they’re using it. Failing to do this could result in reputational damage, credibility concerns or legal ramifications.
“Most companies, if they’re sophisticated, have an AI policy in place. What is a little bit more rare is to have a really robust governance strategy in place,” she said.
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