Al governance crucial for accountability and risk mitigation

Adopting robust AI governance frameworks is essential to ensure accountability and manage potential risks associated with artificial intelligence, according to the Confederation of Indian Industry (CII).

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In its latest guidebook on AI adoption, released recently, CII emphasised that responsible AI use not only mitigates adverse impacts but also builds trust among stakeholders.

Al governance refers to the framework, policies, practices, and standards that guide the ethical, responsible, and accountable use of artificial intelligence (AI) within organisations.

The guidebook adds that the goal of AI governance is to ensure that AI is ethical, transparent, safe, reliable, responsible, fair, and compliant with legal and regulatory standards.