Businesses worldwide have come to recognize that AI technology is here to stay and they should use at least some aspects of it in their operations. But how can they do this safely, securely, and with proper “AI governance” — an approach for monitoring AI deployment and usage within an organization — in mind?
Collibra, the data governance firm headquartered in New York and Brussels, Belgium, will introduce a solution tailored specifically to address this challenge.
“AI has become such a focal point for almost every organization; yet all organizations recognize they must approach AI responsibly,” according to Felix Van de Maele, co-founder and CEO of Collibra. In an exclusive video call interview with VentureBeat.
Collibra AI Governance was unveiled today to revolutionize how organizations implement AI by providing safety, efficiency and trustworthiness during deployments.
Bridging the Gap between Organizational Technology and Policy This component of Collibra Data Intelligence Platform was created to bridge the crucial gap between data, AI, and legal compliance.
Assembling teams across these domains can collaborate more effectively, ensuring AI projects comply with legal and privacy mandates, reduce data risks, enhance model performance and return on investment (ROI), thus speeding the journey from concept to production.
Van de Maele explained to VentureBeat that its services assist organizations throughout every step of their AI adoption journey, from “ideation to trading, model development, deployment into production and ongoing monitoring. Our focus is always on supporting an entire AI use case across its lifecycle.”
This applies not just to one AI solution or platform, but rather all the ways AI is being utilized by any given organization.
Collibra AI Governance sets itself apart by offering intuitive management and monitoring of AI projects, guaranteeing sensitive data protection measures, and encouraging greater transparency and understanding of AI use cases.
“The biggest challenge lies in creating true visibility across an organization of who’s doing what and how,” according to Van de Maele. It involves more than simply documenting tasks – rather, it involves managing workflow so they are completed effectively.
Collibra Protect achieves this by seamlessly integrating with existing Collibra data management offerings for customers, including its Catalog, Data Quality & Observability, Privacy, and Protect offerings.
An innovative approach to risk management and mitigation
A recent IDC survey highlighted the necessity of having strong AI governance by showing that 71% of companies already utilize artificial intelligence (AI). Yet its implementation remains fraught with potential dangers.
From model bias and inaccuracy issues to legal and ethical conundrums, the challenges presented to organizations range from model bias and inaccuracy concerns to legal and ethical dilemmas that have serious ramifications on both their reputation and financial health. Consider how Google’s stock valuation has taken a hit since users criticized Gemini AI model’s production of racist imagery and philosophically bizarre responses by users.
Collibra’s AI Governance solution has been carefully developed to mitigate risks related to AI by providing a comprehensive framework for AI governance.
Collibra offers a centralized platform to govern both AI and its underlying data, helping dispel any concerns about AI adoption.
Collibra provides all this as an add-on module for its existing Data Intelligence Platform.
Laura Sellers, Collibra’s chief product officer, provided a statement in a press release emphasizing its value proposition and noting the growing organizational interest in prioritizing AI despite concerns over its unpredictable behavior and potential for adverse results.
Collibra AI Governance offers an innovative solution that alleviates the concerns of CIOs, CDOs, data leaders and legal teams by providing a centralized platform to govern AI and its data sources with automated workflows, processes and policies designed to deliver trusted AI across organizations,” according to Sellers.
Enterprise software industry leaders have also expressed their approval and validation of Collibra AI Governance, with Dan Yu, Senior Vice President for Marketing and Solutions Data Analytics of SAP SE applauding its ability to ensure ethical AI use within organizations.
Collibra AI Governance will be on display at the Gartner Data & Analytics Summit taking place from March 11-13 in Orlando, Florida.
Collibra offers more than just products when it comes to AI projects; rather, we provide powerful yet principled artificial intelligence solutions.
