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AI governance: What it is, why you need it, and why it’s essential for your AI initiatives

Collibra

72% of companies say that data is the biggest challenge to achieving AI goals between now and 2025. Businesses everywhere are seeking ways to leverage LLMs as fast as governments are talking about ways to regulate them. Bards, Palms, Falcons, Bing. It’s official. Before November 2022 AI used to be the domain of experts.

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AI model governance: What it is and why it’s important

Collibra

And more than 50% of CIOs expect AI use to be widespread or critical in their organization by 2025. That’s why AI governance is crucial in mitigating risks and ensuring your AI initiatives are transparent, ethical and trustworthy. Historically, data governance catered to conventional databases and structured data systems.

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e-Invoicing mandates and updates: Germany

OpenText Information Management

March 2024 German Federal Council officially approves law driving the e-Invoicing mandate On 22nd March 2024 The German Bundesrat - the Federal Council - officially approved the Federal Government's Growth Opportunities Act, which is the legal instrument that includes the provisions for the planned e-Invoicing mandate.

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How Data Governance Protects Sensitive Data

erwin

In fact, the global datasphere is projected to reach 175 zettabytes by 2025, according to IDC. Data Security Starts with Data Governance. Lack of a solid data governance foundation increases the risk of data-security incidents. Organizations are managing more data than ever. Where did it come from and how has it changed?

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AI Governance: Solving the data-centric versus model-centric debate

Collibra

They say, “Bob or Mary is ensuring good data management with governance, quality, lineage. Data is their responsibility.” So what comes first: The data or the model? Let’s explore this fascinating debate a bit more in the context of 2023’s very hot summer topic of AI. AI is dead! Long live AI! In other words, the data came first.

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GDPR and The Data Governance Imperative

AIIM

GDPR and the Data Governance Imperative. IDC estimates that by 2025 digital data will grow to 163 zettabytes , 80% of which will be created by businesses. The Information Governance Imperative. So where do you begin your governance journey? A potentially useful governance framework is the IGRM reference model.

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FCA sets out plans to make Big Tech a priority and provides update on its approach to AI

Data Protection Report

On 22 April 2024, the Financial Conduct Authority ( FCA ) published a speech by its chief executive, Nikhil Rathi, entitled ‘Navigating the UK’s Digital Regulation Landscape: Where are we headed?’. The FCA also sets out its next steps. Four ‘next steps’ are set out in FS24/1 to address the key issues identified by the FCA.