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Sep 7, 2024
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AI governance: frameworks and best practices

Explore essential AI governance frameworks and best practices. Learn about risk management, ethical considerations, and developer responsibilities for responsible AI.

AI governance covers the structures, processes, and policies organizations use to develop and deploy AI responsibly. It spans ethics, risk management, and regulatory compliance.

Why AI Governance Matters

AI systems influence decisions at scale. Proper governance helps organizations:

  • Mitigate deployment risks
  • Maintain transparency and accountability
  • Build stakeholder trust
  • Meet regulatory requirements

Developer Responsibilities

Developers shape how AI systems behave. Key responsibilities:

  • Understand ethical implications
  • Implement fairness and bias mitigation
  • Build transparent, explainable models
  • Prioritize privacy and security

Leading Global Frameworks

NIST AI Risk Management Framework (AI RMF)

Developed by the National Institute of Standards and Technology to help organizations manage AI risks and improve trustworthiness.

Core functions: Govern, Map, Measure, Manage. Includes a companion playbook for implementation.

Learn more: https://www.nist.gov/itl/ai-risk-management-framework

European Union's AI Act

A comprehensive legal framework categorizing AI systems by risk level with corresponding obligations.

Risk categories: unacceptable, high, limited, minimal. High-risk systems face strict requirements. Emphasizes transparency and human oversight.

Learn more: https://digital-strategy.ec.europa.eu/en/policies/regulatory-framework-ai

OECD AI Principles

Principles promoting trustworthy AI that respects human rights and democratic values. Adopted by 42 countries.

Five principles for responsible AI stewardship. Five recommendations for national and international policy.

Learn more: https://oecd.ai/en/ai-principles

IEEE Ethically Aligned Design

Guidelines for ethical AI system design covering transparency, accountability, and privacy. Provides concrete implementation recommendations.

Learn more: https://ethicsinaction.ieee.org/

Singapore's AI Governance Framework

Developed by IMDA and PDPC with detailed deployment guidance.

Two parts: Governance Structures and Measures, and Operations Management. Emphasizes explainability, human-centricity, and fairness. Includes self-assessment guide.

Learn more: https://www.pdpc.gov.sg/help-and-resources/2020/01/model-ai-governance-framework

Building Your Framework

Effective governance includes:

  • AI Ethics Board: Oversees ethical considerations in development and deployment
  • Risk Assessment Protocols: Systematic identification and mitigation of AI risks
  • Compliance Mechanisms: Processes ensuring regulatory adherence
  • Transparency Measures: Tools making AI decisions interpretable
  • Accountability Structures: Clear responsibility for AI outcomes

Common Challenges

  • Technology and regulations change fast
  • AI systems are complex
  • Innovation and risk management compete for attention
  • Cross-functional collaboration is difficult

What to Do Next

Pick a framework that fits your regulatory environment. Adapt it to your organization's context. Build the governance components you need. Monitor outcomes and adjust.

The frameworks above provide starting points. Execution determines results.

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AI governance: frameworks and best practices | VerifyWise Blog