Navigating the future: AI governance for sustainable innovation

Governance Institute’s CEO, Megan Motto, proposes to present on the critical topic of AI Governance for Sustainable Innovation at the upcoming conference. In her presentation, Megan will draw from the latest white paper developed in collaboration with the National AI Centre, which aligns the Federal Government’s Voluntary AI Safety Standard with best-practice governance guidance.The presentation will cover the importance of reducing AI system biases and understanding copyright law to comply with the new standards. It will provide practical strategies for businesses to adopt AI responsibly and effectively, addressing current challenges and opportunities. Despite the potential of AI, Australian businesses are lagging in confidence and adoption compared to other countries, with ethical challenges leading to missed opportunities for innovation and efficiency.Megan will share expert recommendations, including the continuous improvement of AI systems to reduce biases, seeking advice from regulators on copyright and deepfakes, and incorporating legal, ethical, and commercial considerations in AI procurement and contracts. She will also discuss leveraging AI for better digital asset security and prioritising robust privacy and backup systems during AI implementation.The role of business leaders is crucial in this context. Directors must lean in, learn and lead their organisations towards the potential of AI while mitigating new and emerging risks. The presentation will provide an extensive overview of how businesses of all sizes can harness AI to drive growth, enhance efficiency and create value.Good governance is essential to ensure that AI technologies are developed and used in ways that are transparent, fair, and aligned with societal values. The Governance Institute’s partnership with the National AI Centre underscores its commitment to advancing AI responsibly, upholding the highest standards of integrity and accountability.Thank you for considering this proposal. We look forward to the opportunity to contribute to the conference and discuss how we can navigate the future of AI governance together.