Building digital trust: AI governance strategies

Seven steps for staying ahead of customer and regulatory demands for sound AI governance

Cyber security services

In today's rapidly evolving business landscape, artificial intelligence (AI) is revolutionizing industries and transforming the way organizations operate. However, the increasing reliance on AI also introduces significant risks, including ethical concerns, data breaches, and unintended biases. Our latest whitepaper, "Building digital trust: AI governance strategies," provides strategic insights and practical guidance on navigating these challenges to help ensure the responsible development and deployment of AI.

Overview of AI governance

The ISO 42001 standard provides a holistic framework for AI governance, enabling organizations to manage risks and opportunities associated with AI. A robust AI governance program involves:

  • Determining organizational objectives, involvement of interested parties, and organizational policy
  • Managing risks and opportunities, including addressing concerns related to the trustworthiness of AI systems
  • Managing suppliers, partners, and third parties that provide or develop AI systems for the organization

Benefits of adopting an AI governance system

Adopting an AI governance system can yield several benefits, including:

1

Risk management: More rigorous and efficient risk management within the organization, addressing AI-specific risks such as bias and incorrect decision-making

2

Reputation: Enhanced reputation through increased trust in AI products and services

3

Competitive advantage: Demonstrated commitment to quality, ethical practices, and industry-recognized benchmarks

4

Preparation for the future: Compliance with additional regulations that will be introduced in the future

Seven keys to a strong, sound AI governance program:

  • Take an AI inventory
  • Conduct a readiness assessment
  • Craft or refine AI policies and procedures
  • Develop a detailed roadmap
  • Get approval of senior management
  • Monitor and optimize performance
  • Manage your suppliers

Dive into our thinking:

Building digital trust: AI governance strategies

Seven steps for staying ahead of customer and regulatory demands for sound AI governance

Download PDF

Insights on cyber security

KPMG professionals are passionate and objective about cyber security. We’re always thinking, sharing and debating. Because when it comes to cyber security, we’re in it together.

Thank you!

Thank you for contacting KPMG. We will respond to you as soon as possible.

Contact KPMG

Use this form to submit general inquiries to KPMG. We will respond to you as soon as possible.

By submitting, you agree that KPMG LLP may process any personal information you provide pursuant to KPMG LLP's . Privacy Statement

An error occurred. Please contact customer support.

Job seekers

Visit our careers section or search our jobs database.

Submit RFP

Use the RFP submission form to detail the services KPMG can help assist you with.

Office locations

International hotline

You can confidentially report concerns to the KPMG International hotline

Press contacts

Do you need to speak with our Press Office? Here's how to get in touch.

Headline