The Iferia Techcast
00:25:16 · Latha Karthigaa
[00:25:16] S1: Sure. First of all, I read through most of the regulations that are already there, like European Union, US, UK. I even published all of them on my YouTube channel. So when I read about all the regulation, there are some common things that are in most of the regulation that people need to understand. Any country trying to have their regulation, they are getting inspired from EU AI Act. EU AI Act is the first comprehensive AI law in the whole world. So they are getting inspired from that, and so that's one thing everyone needs to know. We don't need to mean... Understand all the regulation around the world. They are almost similar. So answer your question about how to implement it. I started off with regulation because we are creating all these frameworks to prove that we are following all the laws and regulation. Right? So the first way of implementing is we need to choose a proper framework. And there are so many frameworks around the world. The first one, like OECD principles that came in 2019. Then NIST AI RMF, it is AI risk management framework which was released by National Institute of Science and Technology in The USA. So that's another framework for AI. And ISO 42,001 is another framework also for AI. And there are so many of them. Google released their own framework few days ago. And even GAICC, we have our full enterprise level AI framework as well. So there are so many frameworks that are being released. So people have to choose a correct framework and follow the instructions to implement that framework for their AI systems. But here now, I told you so many frameworks. I'll tell you how to pick the correct one. I said about OECD. It is a voluntary framework, which means you can choose to do it or not. NIST AI RMF. That is also a voluntary framework, so organization choose to do it. But ISO 42,001 is the world's first certifiable framework, which means I can say today, okay, this company is ISO 42,001 certified, which means we know that they have implemented the ISO 42,001 framework. But you can't do with any other frameworks. So organization quite commonly choose a framework that they can get certified upon. And if they don't have a budget, they can even still choose another framework like NIST AI RMF. That's not going to cost them anything, but they adopt and use it.
00:28:13 · Latha Karthigaa, Ezekiel Iferia
But if they have to prove themselves to someone, hey, we are certified, is much more stronger than we say, hey, we follow NIST AI RMF framework. You know? You see the difference? So Yeah. Organizations need to choose what is their liability. Based on that, they have to choose which framework would be more suitable for their organization. [00:28:40] S0: So I'd like to know know... Before we wrap things up, there any situations where too much governance killed a good idea and, you know, a situation where too little governance created a disaster?
00:28:56 · Latha Karthigaa
[00:28:56] S1: There are so many situations where without governance, they had created disasters. I read all the incidents. There are thousands of incidents around the world that are very popular ones. There are situations where governance have slowed down the innovation in many cases because especially in European Union, there are certain systems that are... They cannot implement it because as I said, their penalties are so huge. So when they think about doing that, they can't do it. Even there are certain things even in our organization because we are also selling our certification in the European Union, and we use online exams, AI proctored exams. So we need to be very clear in terms of what do we do. Sometimes we even think like, probably shall we stop selling in European Union, you know, because we don't want to take the risk of, you know, going through that. So we have to be very clear in what we think before we even... We went into the European Union market. So sometimes these regulations can slow down the growth of an organization. So it happens, and... But having correct governance can actually, in the longer run, will speed up the things that we'll do. It's the same like as I said before, a highway. Of course, initially it will take a long time to build a highway. But once it is done, hundred years, we can keep traveling on that highway in such a high speed. That's what AI governance is gonna give.
00:30:43 · Ezekiel Iferia, Latha Karthigaa
[00:30:43] S0: Absolutely. Absolutely. So to wrap things up here, Latha, you know, for our listeners who want... Who wants to go learn more about AI governance, you know, the ISO 42,001, or how to start building a governance program, or maybe they just want to go connect with you to have a conversation or to continue this conversation after listening to this podcast. Where is the best place for them to go find you? [00:31:09] S1: Sure. You you can find me on LinkedIn. I'm the only person with this name on LinkedIn. So anyone can type this name, whatever they see now here. That's the exact name I have on LinkedIn. So I reply to all the questions on LinkedIn. That's the only notification I have on my phone. Unless I'm sleeping, unless I'm at the gym, I reply to all the questions. That's the first place. And if they want to learn about ISO 42,001, the best place to check is www.gaicc.org. That's our website. They can learn about all the ISO related certifications on our platform. [00:31:51] S0: Alright. Latha, it has been a truly insightful and interesting conversation with you here today, And I am very honored having you as a guest on the show. Once again, thank you very much for joining us here today. [00:32:05] S1: Thank you. Thank you, Ezekiel. Thank you so much for your time. I really enjoyed the conversation with you. Thank you.