Forbes November 1, 2024
Guru Sethupathy is the founder and CEO of FairNow, a leading AI governance platform.
The conversation around AI governance is picking up. Many organizations see governance as a necessary pain, but for some, it can be a competitive advantage. In regulated industries, organizations that build trust in their AI will win.
Why AI Governance Is Essential
With technology, the greater the potential, the more crucial governance becomes—and AI is no exception. To grasp the importance of governance, I like to use the analogy of early automobiles. Early cars were seen as a mere novelty due to unreliability and risks. Over time, regulations (e.g., speed limits, traffic police and driver’s licenses) and technological advancements increased adoption. More recently, the internet and...