Principles of AI Governance and Model Risk Management: Master the Techniques for Ethical and Transparent AI Systems

© The Author(s), under exclusive license to APress Media, LLC, part of Springer Nature 2024

J. SaylesPrinciples of AI Governance and Model Risk Managementhttps://doi.org/10.1007/979-8-8688-0983-5_6

6. Designing Your AI Governance Framework

James Sayles¹  

(1)

Spring, TX, USA

 

Frame the Goals of Building a Successful AI Governance Framework

Imagine AI as a powerful new energy source. In its early days, pioneers harnessed this energy with amazing results. But they also faced unexpected explosions, malfunctions, and unintended consequences. Now, organizations that want to leverage AI responsibly find themselves in a similar landscape. Early adopters have learned valuable lessons, but much remains uncharted territory.

Why AI Governance Matters

Think of AI ...