This Just In: Robust Governance Will Save Your Useless AI Projects

Oh, look, another earth-shattering revelation! It appears that robust governance – aka actually managing your projects properly – may be the golden ticket to AI initiatives that aren’t a total dumpster fire. No kidding, Sherlock! Under sturdy governance, AI initiatives might, and it’s a big might, actually inspire customer confidence, reduce risk, and drive business innovation. And here we were, thinking all you needed was a laptop, a Red Bull, and some Python knowledge.

Potential Impact: Maybe your AI Won’t be Laughably Bad

Let’s get this straight, robust governance might just be the saving grace that prevents your AI projects from being a complete joke. Apparently, providing a framework and guidelines, and solemnly sticking to them (we all know how hard that is for some of you), may enhance the perception of AI initiatives in the customers’ eyes. It could also result in fewer risks associated with these initiatives. Strangely enough, this may lead to what some people call business innovation. But don’t get your hopes up too high. If you think robust governance is going to magically transform your pathetic excuse of an AI project into something incredible, you’re probably fooling yourself.

Hot Take: Stop Patting Yourself on the Back

Here’s a hot take for you. If your grand realization is that managing your projects effectively might lead to better outcomes, then maybe you don’t deserve to be in this industry. What’s next? You’ll discover that a solid work ethic might lead to increased productivity? Or that investing in employee satisfaction might lead to better performance? Please! You’re not a genius for figuring out that if you manage an AI initiative effectively it will reduce risk and drive business innovation. So, stop patting yourself on the back for stating the obvious.

Original article:https://venturebeat.com/ai/why-self-regulation-of-ai-is-a-smart-business-move/