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AIROI - Artificial Intelligence Return on Invest: The AI strategy for decision-makers and managers

14 September 2024

AI Governance (Glossary)

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AI governance is a term that plays an important role, particularly in the areas of artificial intelligence, digital society, cybercrime and cybersecurity. It refers to the control and monitoring of artificial intelligence (AI) by people, companies or organisations. The aim is to ensure that AI systems are used responsibly, safely and in accordance with the law and ethical principles.

Put simply, AI governance ensures that AI cannot "just do what it wants", but is given clear rules and controls. This applies, for example, to data protection, fair decisions without discrimination and the comprehensible functioning of algorithms.

An illustrative example: an insurance company uses AI to automatically analyse claims. Thanks to AI governance, it is monitored to ensure that the AI does not make any unjust decisions or misuse sensitive data. There are processes and people who regularly monitor the correct use of the technology.

AI governance is therefore an important building block to ensure that artificial intelligence benefits society and companies and does not harm them. This creates trust in new technologies and enables their safe use.

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