AI has rapidly moved from experimentation to enterprise-wide adoption. As this adoption accelerates, Boards need to implement governance that can enable this pace – simultaneously considering short term risk mitigation and long-term system shaping choices.
AI can quickly compound existing complex risks, for example data privacy and cyber threats:
- Move ethical considerations away from human decisioning;
- Output risk – hallucination;
- Lose diversity of thought and expression – amplify errors or biases;
- Drift over time away from acceptable boundaries;
- Accountability question.
Organisations need to be increasingly focused on the associated risks, including data privacy and security, regulatory compliance, cyber threats, ethical considerations and confidence in AI-generated outputs. Strong governance, oversight and accountability are becoming fundamental to unlocking the value of AI while maintaining stakeholder trust.
This is all on the backdrop of needing to demonstrate confidence to your customers – who need to trust you with their data / core services.
KPMG's AI Assurance team supports this journey through our AI Assurance. KPMG will provide confidence over AI governance, controls and oversight, we help organisations realise the full value of AI while building the trust demanded by customers, regulators and investors.
Our Assurance of AI helps organisations demonstrate to their customers that their AI-enabled products, services and business processes can be trusted. As stakeholder expectations and regulatory scrutiny continue to evolve, organisations need confidence that effective governance, controls and oversight are embedded throughout the AI lifecycle. KPMG’s Trusted AI Risk and Control Framework will act as a foundation, helping you to identify and address risks across your organisation. Through our AI Assurance approach, we help organisations evaluate AI governance frameworks, strengthen control environments and provide independent assurance over the responsible use of AI.
By combining market-leading capabilities in Assurance of AI, KPMG is helping organisations build trust in the technologies that are reshaping their business. In a market where trust is becoming a key differentiator, the KPMG Controls Assurance team are here to help your organisations move beyond AI adoption and towards AI confidence.
