Navigating AI Governance and Assurance

Generative Artificial Intelligence (AI) 's rapid evolution presents opportunities and challenges, necessitating comprehensive governance and assurance frameworks. The World Economic Forum's 2024 Global Risk Report identifies AI's potential adverse outcomes, such as its role in conflict decisions and the spread of disinformation, as a top global risk. At a recent summit, European CIOs highlighted the challenges of implementing effective AI governance and demonstrating AI's tangible benefits. This article by Crowe UK explores the essentials of creating an AI Governance and Assurance ecosystem, which is critical for ethical, transparent, and accountable AI outcomes. Such frameworks are vital for managing risks associated with developing, procuring, and deploying AI systems globally.