The Many Challenges of AI Governance -- And Why It Matters

The rapid pace of AI adoption in business could be heading for some major speed bumps. According to Gartner experts presenting at the Gartner CFO & Finance Executive Conference in June 2022, half of all AI deployments are expected to be postponed between now and 2024, as companies face barriers to upscaling AI in-house. AI governance and how enterprises are going to monitor and control the use of data in their AI platforms are emerging as significant snags. AI governance is a relatively new concept, as AI itself is still only in the early stages of development, but there are already complications emerging. For some companies, the governance of AI applications is included in data or model governance structures.