Does your risk appetite generally align with that of your stakeholders, such as the board of directors or information security collaborators? How have you handled situations where they are not aligned?
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Sr. Director, GenAI Program Management in Healthcare and Biotech3 months ago
Through our governance process, we've implemented rigorous and iterative measures that align our security organizations, legal teams, general counsel operations, and architects. We've brought these communities together as a review board that sits below an AI Council. By triangulating the review board, AI Council and use case advocates from business units, we facilitate alignment along an agreed upon line of questioning that addresses the cross-section of risk, feasibility, and reward (as in the value stemming from the ideation associated with the risk). This governance process allows us to effectively manage and resolve any misalignments by fostering open dialogue and finding a path forward.Head of Data & Analytics3 months ago
I appreciate the methodical processes Jason described. Establishing governance processes before starting projects can significantly mitigate risks. These foundational processes not only provide a forum for addressing risks as they arise during a project but also help in maintaining calmness and control. As data and analytics leaders, promoting the value of data governance is crucial. It sets guardrails that enhance our risk tolerance and ensures alignment on risk acceptance criteria. The involvement of use case advocates in governance processes is vital as it fosters a partnership between IT and business, which is crucial for effective risk management.Head of Global Data & AI Center of Excellence in Consumer Goods3 months ago
In our approach, we present all use cases in our backlog across various dimensions, including value, effort, risk, and data accessibility. This structured methodology should create a smooth process to prioritize use cases based on their alignment with our risk appetite and potential value. However, defining value should not be limited to economic terms alone but should encompass a broader perspective, including sustainability and other qualitative benefits. This broader approach to defining value helps in discussions and decision-making processes, ensuring a more comprehensive evaluation of risks and benefits. We are in the process of refining these variables to align more closely with our strategic objectives.