AI governance is crucial to organizational innovation, according to Stuart Strome, director at Gartner specializing in AI governance and information risk management, corporate compliance and ethics. Businesses that lead corporate governance initiatives around AI will be better placed to manage regulatory risks and facilitate technological advances without increasing friction.
“Compliance can’t be the department of ‘No’,” he warned. CCOs risk being ignored if they block innovation and flexibility. “Much of AI governance comes down to culture and awareness. If employees try to circumvent the rules, it’s worth asking why – are they unaware of them or are the security systems too cumbersome?”
