Don't panic. This week I share what good AI governance looks like in Australia.
To watch this episode as a video visit: https://youtu.be/ygSaj2_yWVg?si=4FXRLMMZqbeYd5DG
Episode Navigation
0:00 When AI goes wrong, it goes badly wrong
2:10 Why our Regulators are twitchy
4:43 Examples of AI systems and use cases
6:07 Biggest challenge when deploying AI systems
7:36 Why do we need an AI Governance Standard?
8:52 The new Australian AI Governance Standard
15:38 Where Copilot deployments go wrong
17:25 Quick AI Governance wins
18:12 AI risk exposure will grow
19:33 What does good AI governance look like?
ABOUT THIS BONUS EPISODE
The Microsoft Copilot mistake
An ASX listed company excitedly deployed Microsoft Copilot across 9,000 staff. Unfortunately, Copilot AI was given unrestricted access to employee data. Once it was live, staff could ask it for salary information on any person in the company. As a dutiful AI assistant, it gladly obliged. 👌 Anyone's salary was available for instant inspection.
Oops.
Then came the kill switch, damage control and incident comms. An expensive mistake.
Could this AI mistake happen in your company?
The consequences of AI mistakes like this are huge
- Privacy breaches and OAIC notifications
- Legal exposure and compensation to staff
- Workplace distrust
- Endless remediation meetings
- Ongoing employee retention issues
Overlooking Copilot AI data access controls is simply the canary in the coal-mine. A prescient warning that companies now require strengthened AI governance as the capabilities of advanced AI far outpace its ability to keep up ... and the Regulators are coming.
Regulation is coming for ungoverned AIFive authoritative Australian bodies* have now issued AI risk warnings aimed at boards and leadership teams across Australia.
* OAIC, APRA, ASIC, ASD and Five Eyes.
Office of the Australian Information CommissionerRegulation of AI lands on December 10. Companies that use AI to make or substantially assist in making decisions about individuals (affecting rights, interests, or wellbeing) to disclose this in their privacy policies.
Learn what good AI Governance looks likeI share you how to get started and turn the AI Governance Standard from a compliance tick-off into practical, operational capabilities.
- Understand why the Australia's AI Governance Standard exists, who can use it and how you can stay ahead of the compliance curve
- Become familiar with the 42 AI technical statements mapped against some real-world AI governance failures
- Learn about the most impactful AI governance statements
- Learn how to transform AI governance standards into practical, operational capabilities.
Hitchhiker’s Guide to AI Governance
Hosted by AI Governance partner, Bruce Mullan, who helps companies confidently adopt the 42 Statements of the Australian AI governance standard.
Check out our articles on Substack: https://hhgtaig.substack.com/
To learn more, visit our website: www.aigovernancepartners.com.au
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So long and thanks for all the listening.