AI Governance & Data Quality: Real-World Principles & Checklist

High-quality and well-governed data are fundamental to the successful implementation and trustworthiness of AI models, including both general artificial intelligence and generative AI (GenAI). The quality of input data directly influences the accuracy and reliability of AI outputs, encapsulated in the principle "garbage in, garbage out." Effective data governance ensures that AI models are trained on reliable data and supports ethical and responsible AI use by establishing clear policies and procedures. AI governance, an extension of data governance, manages the ethical use, risks, and principles associated with AI, emphasizing the need for transparency, accountability, and compliance with regulations. As AI technologies rapidly evolve, integrating AI governance with existing data governance frameworks is vital to harness AI's potential while mitigating risks, ensuring organizations are prepared to adopt AI responsibly and effectively.