Graeme Cox & Sarah Clarke: AI Governance as the Strategic Enabler

Summary

In this episode of the AI Pathfinder for Private Equity podcast, host Steve Budd discusses the critical role of AI governance with experts Graeme Cox and Sarah Clarke from Attercop. They explore the misconceptions surrounding AI governance, emphasising its importance as a value enabler rather than a hindrance to innovation. The conversation covers various themes, including the risks associated with AI liability, the parallels between AI governance and cybersecurity, and the necessity for private equity firms to understand and manage AI risks within their portfolio companies. The guests highlight the importance of visibility, education, and a structured approach to governance to leverage AI effectively while mitigating risks.

Takeaways

• AI governance is often misunderstood as a cost rather than a value enabler
• AI governance is becoming essential, akin to cybersecurity hygiene
• AI governance frameworks are still developing and need to be prioritised
• Understanding AI risks requires a focus on use cases rather than tools
• Effective governance can lead to competitive advantages

Chapters

00:00 Introduction to AI Pathfinder and Governance
03:34 Understanding AI Liability and Governance Risks
08:39 AI Governance as Cybersecurity Hygiene
11:09 The Evolution of AI Governance
14:41 Visibility and Management of AI Risks
21:33 The Role of Private Equity in AI Governance
23:50 Linking AI Use Cases to ROI and Risk
26:40 AI Governance as a Competitive Differentiator
31:20 First Steps in AI Governance Implementation

Links

Attercop website
Graeme Cox on LinkedIn and Sarah Clarke on LinkedIn

AI Pathfinder Private Equity AI Strategy Meet-ups:

https://www.aipathfinder.co/ai-strategy-day
https://www.aipathfinder.co/breakfast-briefings

Have a question or would like to suggest improvements, please contact steve@aipathfinder.co