Artificial Intelligence: Principles to Practice

Artificial intelligence (AI) has the potential to unlock transformative economic, social and environmental opportunities for Australia. The potential for public benefit is significant, provided the development, adoption and use of AI is governed in a safe, responsible and sustainable manner. Governing AI in this way underpins community trust and stakeholder support and works to retain a social license. Importantly, good governance of AI also increases the likelihood that organisations will implement and scale up AI effectively and successfully. In other words, good governance creates a virtuous cycle whereby support for the widespread investment in and adoption of AI is maintained, and the transformative benefits of AI are more likely to be realised both at a business and societal level.