How governance gaps are creating a shadow AI risk for finance leaders

Image for article How governance gaps are creating a shadow AI risk for finance leaders
News Source : TechRadar

News Summary

  • Almost half (49%) of UK finance leaders admit their organization has gaps in its AI governance strategy.
  • Without clear guardrails, employees will naturally start making their own decisions about which tools to use and how to use them.
  • Shadow AI is a symptom of a wider governance problem.
  • The longer those issues go unaddressed, the harder they become to unwind.
  • Good governance enables AI.
  • The goal is never to slow AI adoption or place unnecessary barriers in front of employees.
  • When governance is implemented well, it makes the approved route the easiest and best to support employees.
The use of AI across finance functions is soaring as it quickly becomes a key tool for getting the job done.

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