What is AI governance and why should you care?

AI governance in API management is becoming increasingly vital due to the integration of AI systems which offer efficiencies and automation but also pose challenges that require careful oversight. AI governance involves establishing frameworks to ensure the ethical, transparent, and responsible use of AI, particularly in enhancing API lifecycle management, security, and compliance. The growing use of AI in organizations underscores the need for robust governance to address data security, privacy, and regulatory compliance. While AI can automate tasks like detecting security breaches and predicting usage trends, challenges such as opaque AI systems, over-reliance on automation, and bias in AI decisions must be managed. Accountability and transparency are crucial, with emerging regulations like the European AI Act highlighting the importance of evolving governance frameworks to maintain consumer trust and meet compliance obligations.