AI governance is an essential framework comprising rules and best practices to ensure the responsible, ethical, and transparent use of AI across industries. By tackling challenges such as bias, compliance, and data security, AI governance helps organizations deploy, manage, and optimize AI systems legally and ethically. It plays a crucial role in sectors like healthcare, finance, and retail by enhancing trust and maintaining ethical practices. Key components of AI governance include ethical considerations, legal and regulatory compliance, risk management, and stakeholder engagement. The framework spans the entire AI lifecycle, from data management and model development to explainability, security, and lifecycle management. Real-world applications, such as Goldman Sachs' use of APIs for AI governance, demonstrate the framework's practical implications, emphasizing transparency, compliance, and innovation. Tools like Kong facilitate AI governance by providing platforms for managing, securing, and monitoring API-driven applications, ensuring that AI systems remain compliant and effective as they scale.