3 ways AI governance helps CFOs manage risk and keep costs down
Reduce expenses, transfer risk, and standardize your contracts.
Check out a 60-second video version here.
1. Avoid unnecessary software expense
Inventorying AI features and capabilities across products and vendors lets you consolidate software subscriptions without disrupting the business.
At the same time, you may not need to buy as many tools (security or otherwise) if you can avoid or transfer risk more cost-effectively.
This relates to how it helps you:
2. Transfer risk in new ways
Generative AI provider indemnifications can put some burdens on 3rd parties.
By understanding - and making sure development teams follow - the requirements of these indemnification programs, you may be able to call on big tech legal teams to fight allegations of copyright infringement. That can save you big bucks and deter lawsuits.
Because this isn’t legal advice, ask an attorney about the implications.
Here are some related posts on transferring risk in the context of AI:
3. Manage vendor contracts
Standardized deal terms for AI
Processing
Retention
Training
of your company’s data can both accelerate procurement AND protect confidential and proprietary information.
Good governance also includes determining questions to ask your vendors and how to explain what you do with AI to your customers.
Want to learn more about how AI governance can improve the bottom line AND your security?
StackAware helps AI-powered companies measure and manage their risk related to:
Cybersecurity
Compliance
Privacy
We know that an effective AI governance program can address all of these challenges while also saving you money in the long run.
Interested in learning more?