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As AI continues to proliferate, trust in AI-enabled systems requires governance that conforms to market expectations and aligns with organisational ethics. AI driven value is multiplying rapidly and driving market opportunities and economic growth in unprecedented ways. To stay competitive, companies need to unlock the full value of AI and data driven analytics while also focusing on its secure and ethical use.
To assist in the formulation of AI governance, which includes developing a vision for AI adoption, designing a governance structure, establishing ethical AI principles, defining AI practice framework and policies, and identifying use cases and adoption roadmap.
To evaluate an organisation's AI governance, strategy, business and operational capacity and capabilities across the entire AI life cycle, including strategy, planning, ecosystem, development, deployment and operating and monitoring. Gaps across the 19 sub-domains of AI life cycle will be identified and prioritised in order to create a roadmap for maturation gap solutions.
Assess the impact of specific AI application against the defined ethical AI principles. Comment on whether all ethical AI considerations are addressed during the development and maintenance process of AI application.
Conduct in-depth analysis of explainability, bias and robustness for a specific AI application.
Conduct in-depth analysis on practices adopted during the development and maintenance procedures of a specific AI application in relation to privacy and regulatory requirements.
The introduction of AI exposes companies to a wide range of related risks that need managing: e.g., ethical, performance, security.
Limited experience in supporting best practice development processes for AI applications.
Incidents with existing AI applications and the need to mitigate reputation risks with all stakeholders.
Governance maturity is not keeping pace with the accelerated use of AI.
Lack of resources with AI experience leading to an inability to maximise the benefits that AI can bring.
Asia Pacific Risk Services Leader, Mainland China and Hong Kong Digital Trust & Risk Leader, PwC Hong Kong
Tel: + 2289 2919