AI governance transcends regulatory frameworks and enters into business strategies. It covers a wide spectrum of elements ranging from financial planning to risk management. Responsible AI governance can strengthen a company’s reputation and attract customers and talent. AI governance can foster an environment of responsible innovation, enabling companies to develop AI solutions that create a positive impact on society. Companies that adopt strong AI governance will be better positioned to compete in an increasingly digitalized market.
In this regard, ethical principles will always be key when considering the development and implementation of AI systems. The importance of transparency in AI algorithms and the need to explain the decisions made by these systems, as well as the need to train employees in the responsible use of AI, are fundamental aspects.