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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. How do you mitigate these risks? What you need is a governance model for AI. You need AI governance.

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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. These risks can have significant legal and reputational consequences. These risks can have significant legal and reputational consequences. AI models and governance An AI model is, at its core, a mathematical construct.

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Risk Management under the DORA Regulation

IT Governance

Three key DORA requirements There are three fundamental requirements to this regulation: Risk management Incident management Supply chain security These drive the other, lower-level requirements in DORA. The ICT risk management framework itself must be strategic, documented and reviewed at least annually.

Risk 104
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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. With more companies increasingly migrating their data to the cloud to ensure availability and scalability, the risks associated with data management and protection also are growing. Data Security Starts with Data Governance.

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UK regulators’ strategic approaches to AI: a guide to key regulatory priorities for AI governance professionals

Data Protection Report

Accountability and governance. The letter states that the BoE and the PRA have a close interest in encouraging the safe and responsible adoption of AI and ML in financial services, given the potential risks this could pose to the BoE’s and the PRA’s objectives. Consultations on updates are expected from spring 2025.

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Best Third-Party Risk Management (TPRM) Tools of 2021

eSecurity Planet

In a developing market, third-party risk management (TPRM) software and tools could be the answer to helping organizations fill the gap. This article looks at the top third-party risk management vendors and tools and offers a look into TPRM solutions and what buyers should consider before purchasing. Aravo TPRM.

Risk 128
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How Defence in Depth Can Help Organisations Tackle Complex Cyber Security Risks

IT Governance

According to Cisco’s 2022 Cybersecurity Almanac , the amount of money organisations spend recovering from cyber attacks is expected to increase by 75% in the five-year period from 2021 to 2025, reaching as much as $10.5 This stage is defined by the way organisations manage cyber security risks as part of their wider operations.

Risk 110