AI Governance and IT Risk Management

Overview of Process and Needs for Governing an Artificial Intelligence Environment

Amidst the AI storm that has struck the world, the application of IT governance practices in daily business operations drives the orga nization strategically towards achieving its common objectives. This phenomenon maintains and expands a firm’s market share by increasing its competitiveness and reputation through the quality of services it offers. However, the positive outcomes depend signifi cantly on the effectiveness of the implemented governance while managing risks. In this regard, organizations need to focus mostly on the feasible ways they can use to improve their value to their customers. Managers and researchers have prioritized this global concern to enable corporations to implement relevant mecha nisms to steer, coordinate, and rationalize AI-related decisions. The implementation and actualization of effective AI governance mechanisms enable corporations to formulate, formalize, and understand this aspect in a realistic business environment. This book aims to guide busy IT Managers through this complex landscape and aid in governing intricate AI solutions