- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Jumping into an arena the private sector has trailblazed, the federal government is redoubling its efforts regarding the development of artificial intelligence. On Feb. 11, President Trump announced a new initiative intended to help the U.S. gain dominance in deployments of the emerging technology.
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In sum, federal agencies should reject “rigid, design-based regulations” in favor of flexible approaches to artificial intelligence applications.
Data governance has become a key concern for companies, especially when the EU AI Act and General Data Protection Regulation have put a premium on handling data responsibly and ensuring that artificial intelligence does not cause harm.
The era of artificial intelligence adoption is testing the old ways of doing compliance, underscoring the need for continuous monitoring. Compliance isn’t a one-and-done activity, but sometimes organizational incentives and goals fail to prioritize the importance of this.
