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An exciting announcement from our partners at Connor Group - They’ve launched the first-ever enterprise risk framework for generative AI (GenAI): The GenAI Governance Framework. This free resource provides a detailed guide and methodology for organizations to assess AI readiness, manage risks, and adopt GenAI responsibly, with customization options to fit unique business needs. If you’re looking for insights on how to implement AI within your organization, Connor Group’s consultative services are readily available. 

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📣 Connor Group, Boomi, and a cohort of academic researchers collaborated to deliver 𝐭𝐡𝐞 𝐟𝐢𝐫𝐬𝐭-𝐞𝐯𝐞𝐫 𝐞𝐧𝐭𝐞𝐫𝐩𝐫𝐢𝐬𝐞 𝐫𝐢𝐬𝐤 𝐟𝐫𝐚𝐦𝐞𝐰𝐨𝐫𝐤 𝐟𝐨𝐫 𝐠𝐞𝐧𝐞𝐫𝐚𝐭𝐢𝐯𝐞 𝐀𝐈 (𝐆𝐞𝐧𝐀𝐈) ⬇ Connor Group, along with: Boomi David A. Wood (Brigham Young University Marriott School) Scott Emett (Arizona State University W.P. Carey School of Business) Marc Eulerich (University of Duisburg-Essen Mercator School of Management) announce the 𝐆𝐞𝐧𝐀𝐈 𝐆𝐨𝐯𝐞𝐫𝐧𝐚𝐧𝐜𝐞 𝐅𝐫𝐚𝐦𝐞𝐰𝐨𝐫𝐤.   Built in collaboration with over 1,000 business leaders, academics, and industry bodies, the GenAI Governance Framework provides a detailed guide and comprehensive methodology for organizations of all sizes to assess their AI readiness, identify and manage enterprise risks associated with GenAI technologies, and move into responsible GenAI adoption. The framework can be easily customized to align with a company's unique objectives, needs, and risk appetite, and empowers those responsible for risk management and governance — such as Internal Audit, IT/CISO, Legal, and Audit Committees — to identify, evaluate, and proactively address high-priority exposures. It also provides a structured approach to pinpointing vulnerabilities and implementing controls, facilitating the secure and responsible deployment of GenAI technologies. “Effective AI adoption will be a massive competitive advantage but many don’t know where to start and how to apply it. A few AI tools exist now with many on the way, and they are coming fast. Having a smart AI adoption strategy with underlying controls, data, and processes that are ready for AI takes time. The most competitive companies are doing these things now," explained Jeff Pickett, Chair and Founder at Connor Group. Provided as a free resource, the GenAI Framework includes comprehensive documentation and a robust set of risk and control considerations. Framework implementation and consulting services offered by Connor Group allow businesses to evaluate their current governance practices, identify areas for improvement, and strategically plan for future enhancements. By assessing maturity levels across various control considerations, companies can gain insights into their own strengths and weaknesses and take targeted actions to bolster their AI governance. “Overall, the GenAI Governance Framework and accompanying Maturity Model serve as essential resources for organizations seeking to navigate the evolving landscape of AI,” said David A. Wood. “By adopting these tools, organizations can enhance their preparedness, resilience, and capability to harness the benefits of AI while effectively managing its risks.” For information about Connor Group AI and Automation services, please comment or send us a DM. To download the GenAI Governance Framework, visit the link in the comments.

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