Getting data to power AI models is easy. Using that data responsibly is a lot harder. That's why enterprises need to implement a framework for AI governance. "With great data comes great responsibility," said Monark Vyas, managing director of applied intelligence strategy at Accenture, alluding to the proverb made popular by comic book hero Spider-Man. Speaking during a panel at the AI Summit Silicon Valley conference, Vyas noted just how easy it is for companies to mishandle data.

Speaking during a panel at the AI Summit Silicon Valley conference, Vyas noted just how easy it is for companies to mishandle data. "You're now sitting on so much data, that it's so easy to start using it, misusing it and abusing it," he said. A strong framework for AI governance can help prevent data misuse. "Governance is the process of establishing a decision-making framework," said Salim Teja, a partner at Toronto-based venture capital firm Radical Ventures. AI ethics and governance, he noted, guide his investing decisions.