Artificial Intelligence Governance for Businesses

TL;DR

This paper presents a comprehensive framework for AI governance tailored to businesses, focusing on managing data, models, and systems to ensure effective and responsible AI deployment.

Contribution

It introduces a novel, practical framework for AI governance in companies, integrating literature and existing practices across data, models, and systems.

Findings

Decomposes AI governance into data, models, and systems.

Relates AI governance to existing IT and data governance frameworks.

Provides a practical guide for practitioners and research directions for academics.

Abstract

Artificial Intelligence (AI) governance regulates the exercise of authority and control over the management of AI. It aims at leveraging AI through effective use of data and minimization of AI-related cost and risk. While topics such as AI governance and AI ethics are thoroughly discussed on a theoretical, philosophical, societal and regulatory level, there is limited work on AI governance targeted to companies and corporations. This work views AI products as systems, where key functionality is delivered by machine learning (ML) models leveraging (training) data. We derive a conceptual framework by synthesizing literature on AI and related fields such as ML. Our framework decomposes AI governance into governance of data, (ML) models and (AI) systems along four dimensions. It relates to existing IT and data governance frameworks and practices. It can be adopted by practitioners and academics alike. For practitioners the synthesis of mainly research papers, but also practitioner publications and publications of regulatory bodies provides a valuable starting point to implement AI governance, while for academics the paper highlights a number of areas of AI governance that deserve more attention.