AI Governance

AI Governance: Addressing Risks and Seizing Opportunities

AI Governance: Addressing Risks and Seizing Opportunities

With the imminent advancement of artificial intelligence (AI) technology and its profound influence on major industries globally, it has become increasingly necessary for ethics to be incorporated into systems and for these technologies to be managed responsibly. This progress highlights two main approaches that aim to improve AI governance: encouraging companies to put transparency measures in place and allowing policymakers to have adequate resources in hand for oversight management.

This article examines two fundamental strategies for AI governance: empowering policymakers to enact effective regulations (WatSPEED) and ensuring organizational transparency (SAS).

Building Trustworthy AI: Transparency Through Model Cards and Governance Services (SAS)

For AI to be trustworthy, it must be transparent and easy to understand. To be transparent with an AI system is to make all of its data, algorithms, models, judgments, and outcomes available to the public. What we mean by “explainability” is the ability to provide a clear and comprehensible description of how an AI system works, the reasoning behind its decisions, and the restrictions and uncertainties it faces.

Ensuring responsible data utilization and model fairness is a difficulty for enterprises, and there are challenges associated with establishing trustworthy AI.

SAS’s Model Cards and comprehensive advisory services for AI governance are commendable efforts to address the challenge of transparency. A critical “nutrition label” for AI models, the Model Card provides comprehensive data regarding their accuracy, performance, and potential biases. This information is crucial for ensuring the integrity and dependability of AI systems. 

SAS’s comprehensive AI Governance Advisory service, which aids organizations in constructing operation-specific governance frameworks, includes the introduction of Model Cards as merely one component. 

Customers of SAS’s pilot program have reported numerous advantages to using the service, including: higher productivity due to more decentralized and trusted decision-making; higher trust due to more transparent data usage; the capacity to attract and retain top talent by meeting their demand for ethical innovation practices; higher market agility and competitive advantage due to being “forward compliant”; and higher brand value due to addressing the possible effects on society and the environment. 

Trust and responsible artificial intelligence development are fostered by transparency, which eventually results in more effective AI ventures.

Policy and Governance for AI: Equipping Leaders (WatSPEED)

In order to make well-informed judgments, policymakers must have a broad awareness of the effects of artificial intelligence due to its fast development and widespread use. A new program called AI Adoption, Policy and Governance has been designed by WatSPEED to assist policymakers in navigating this technological upheaval. This program will enable senior policymakers to take the lead in addressing the benefits and difficulties that AI brings.

Through its specialized curriculum, the WatSPEED program educates policymakers on AI adoption, policymaking, and governance, thereby contributing to the formation of regulations. This educational initiative will enlighten policymakers regarding the disparities between artificial intelligence (AI) and previous technological advancements, as well as the potential advantages and challenges that AI may pose. 

Additionally, the program ensures that the organization utilizes AI in a secure and efficient manner by providing proficiency in drafting secure regulations. Ultimately, it is imperative that policymakers are equipped with the necessary information to effectively steer the advancement of AI technologies in a manner that serves a better society.


WatSPEED’s policy input and SAS corporate transparency governance for internal use collaborate to support a comprehensive approach to ethical AI. This strategy fosters confidence and mitigates potential dangers, thereby establishing a future in which ethical AI will be indispensable and advantageous to all. By employing well-informed AI strategies, governments and organizations can work together to cultivate an atmosphere that maximizes the advantages of AI while meticulously considering its ethical and societal ramifications.

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ToAI Team
Fueled by a shared fascination with Artificial Intelligence, the Times Of AI journalists team brings together various researchers, writers, and analysts. We aim to provide a comprehensive knowledge of AI for a broad audience of the Times Of AI. Through in-depth analysis of the latest advancements, investigation of ethical considerations around AI development, AI governance, machine learning, data science, automation, cybersecurity, and discussions about the future impact of AI across various sectors, we aim to empower readers with the details they need to navigate this rapidly evolving field.

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