Governance of Generative AI for Companies

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Reference

Schneider, J. (2024, June 11). Governance of Generative AI for Companies.

Publication type

Lecture / Presentation

Abstract

Generative Artificial Intelligence (GenAI), specifically large language models like ChatGPT, has swiftly entered organizations without adequate governance, leading to risks and missed opportunities. We propose a framework for GenAI governance. It outlines the scope, objectives, and governance mechanisms tailored to harness business opportunities as well as mitigate risks associated with GenAI integration. The talk begins by highlighting a few recent developments in GenAI in the last six months, which serves as an introduction and update to GenAI. Then, we discuss a governance framework for companies pointing to multiple illustrative cases related to, e.g., regulatory, technical, and ethical challenges of GenAI covering data, models, systems, people and the organizational scope and targets, as well as governance mechanisms

Persons

Organizational Units

  • Liechtenstein Business School