White Paper Written by:
Errin O’Connor
EPC Group’s Founder & Cheif Al Architect. And A Four Time Microsoft Best Selling Author.
In today’s competitive landscape, leveraging AI solutions such as Microsoft Copilot is a powerful strategy for driving business growth across various industries. AI’s capability to analyze data and make informed decisions is a crucial factor contributing to its widespread adoption. According to recent studies, nearly three-quarters of businesses attribute their success to the continuous advancements in AI technology.
However, the rapid pace of designing, developing, and deploying AI applications often leads to overlooked governance considerations. Neglecting proper AI Governance can have significant repercussions, such as unaddressed data protection issues, financial losses, reputational damage, and ethical breaches. Despite perceptions that governance may be cumbersome or obstructive, it is crucial for ensuring responsible and effective AI deployment.
For example, decisions made with AI-enabled tools can introduce biases that unfairly disadvantage specific individuals and communities. AI Governance introduces a standard of accountability, requiring organizations to consider the societal impacts these systems can produce and ensure they’re implemented fairly, transparently, and in alignment with human values and respect for individual rights.