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Artificial Intelligence Governance
AI presents disruptive competitive opportunities for businesses, but increased reliance on AI technologies can also create new potential risk or exacerbate existing challenges.
FTI Consulting brings a wealth of cross-disciplinary expertise to our AI governance services: we can enable innovation to move forward responsibly while minimising financial, operational, and reputational risks.
The Early Adopter’s Critical Path Forward: Integrated Compliance
Navigating a growing body of draft AI laws, regulations, standards, and frameworks can be challenging for organisations pioneering with AI.
FTI employs a risk-based approach to design and build the mission-critical pillars for your organisation’s AI governance programs. By understanding your unique AI risk profile FTI can help your business to develop a robust, scalable framework for AI governance that can be easily deployed across products and jurisdictions.
Scalable Baseline Governance Standards to Reduce AI Risk
FTI’s integrated approach to compliance tackles AI risk at enterprise, product, and operational levels.
Enterprise Governance
FTI can help businesses to define their corporate AI strategy by documenting:
- Target Operating Models setting out clear roles and responsibilities for AI risk
- Compliance Assessments to establish program maturity and remediation priorities
- Accountability Processes to record and demonstrate compliance
- Policies and Procedures to formulate policy standards and operational procedures
- Horizon Scanning to enhance and align the program to ongoing regulatory developments
Product Governance
Good AI governance requires enterprise policy standards applied at the product level. FTI can help your products match the enterprise strategy using:
- System Impact Assessments to identify and address risk prior to product development or deployment
- Quality Management Procedures tailored to the software development lifecycle to address risk by design
- Risk and Controls Frameworks defining AI risk and treatment based on widely recognised standards such as ISO and NIST
- Conformity Assessments and Declarations to demonstrate your products are compliant
- Technical Documentation including standardised instructions of use and technical product specifications
- Post-Market Monitoring Plans to monitor product compliance following market launch
- Third-Party Due Diligence Assessments to identify possible external risk and inform selection
Operational Governance
FTI can help ensure that strategies are operationalised throughout the business by supporting the development of:
- Performance Monitoring to ensure systems perform adequately for their intended purposes
- Transparency and Human Oversight Initiatives to ensure individuals are aware and can make informed choices when they interact with AI systems or when AI-powered decisions are made
- Incident Management to identify, escalate, and respond to serious incidents, malfunctions, and national risks impacting AI systems and their operation
- Communications Strategies to ensure transparency towards internal and external stakeholders in relation to the organisation’s AI practices
- Training and Awareness Programs to enable staff with roles and responsibilities for AI governance to understand and perform their respective roles
- Skills and Capabilities Development to assess HR capabilities and review or design job requirements
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