Today Artificial Intelligence (AI) is a part of our day-to-day activities, and knowingly or unknowingly, it impacts our actions and decision-making. With the growing use of AI in almost all fields known to us, there is an increasing need for AI data governance to ensure data privacy, ethical use of data, and fairness and transparency.
AI governance basically refers to governing the ethical use, development, and deployment of AI technologies within an organization. There are generalized frameworks and tools to build and customize trustworthy AI systems for specific use cases. Why is AI governance important? Because it assists organizations to prevent biases, issues of fairness, and discrimination against customers and operate within legal regulations.
Why should an organization consider creating an AI data governance strategy?
- Ethical use of AI – While developing AI technologies within an AI data governance framework, AI engineers should develop AI systems that emphasize fair and unbiased decision-making. This ensures respect for human values and no discrimination based on age, gender, or ethnicity.
- Ensuring data privacy – AI systems process huge amounts of personal data that needs to be protected to respect an individual’s privacy. Using clean and organized data while processing for a certain activity will ensure that your organization complies with stringent regulations like HIPAA (Health Insurance Portability and Accountability Act) in the United States of America.
- Ensuring accountability – AI engineers need to develop AI systems that are trained to be responsible and transparent and prevent any errors in the decision-making process. Organizations and developers are accountable for the proper functioning of their AI systems that they have designed, developed, and deployed.
- Avoiding legal consequences – Organizations that prioritize safe use of sensitive information and adherence to data privacy laws safeguard themselves from legal consequences. There is always a risk of legal penalties and reputational damage when an organization fails to comply with existing and emerging regulations.
- You need to have traceability inside your model, depending on whether you’re using a statistics-based model or a deep learning model.
- You cannot deploy something by copying code; it has to be versioned, and as part of the versioning, you need to keep track of the expected input and output to have some fairness and bias quality scores for your data.
- Set up real-time monitoring to look for data drifts and get alerted when your accuracy or F1-score deviates.