The Value of Having AI Governance – Lessons from ChatGPT
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- A broader AI governance policy enables an organization to vet and authorize AI tools in a quicker, more efficient manner than addressing the arrival of innovative AI tools, like ChatGPT, with ad hoc policies or prohibitions.
- Adopting a robust AI governance program reduces the risk of unexpected harm and reputational damage, and affords a company the opportunity to shape the emerging regulatory landscape in a beneficial way.
- For organizations that anticipate utilizing AI tools in their businesses going forward, it is best to start creating a fulsome AI governance program now, as the process requires cross-functional coordination and is time and resource intensive.