Realizing AI’s opportunities and measuring and managing both benefits and risk becomes difficult without appropriate and effective guardrails in place. By implementing effective governance frameworks and policies, organizations can efficiently recognize, comprehend and measure the potential risks and opportunities associated with AI. This enables them to align their governance practices with the specific use cases they have identified and agreed upon, and ultimately make well-informed decisions regarding the utilization of AI.

This whitepaper shares some best practices for aligning AI efforts with the foundational elements of a strong AI governance program, starting with forming an advisory board and defining use cases.