Responsible AI helps organisations innovate at speed with confidence knowing that the right governance is in place to realise value, manage emerging risks and comply with upcoming regulation.
The transformational benefits of Artificial Intelligence (AI) and Generative AI (GenAI) are well established, but what is becoming an increasing global priority is understanding and addressing the risks that these technologies bring. Bias, a lack of transparency, explanation, accountability and failure to comply with existing laws such as Intellectual Property and copyright can undermine trust in AI and negatively impact user adoption and realisation of the benefits.
Our responsible AI services help organisations innovate safely and provide confidence that AI and GenAI technologies are developed and managed ethically, transparently and sustainably and that potential regulatory and reputational harms are identified and mitigated.
Our strategy spans the entire lifecycle of AI projects, including design, development, deployment and monitoring and includes training and awareness programs, aimed at educating stakeholders about the nuances and implications of AI technologies. This foundational step is crucial for fostering an informed and responsible approach towards AI development and deployment. EY teams can help you craft comprehensive AI strategies, exploring the art of the possible to deliver business goals responsibly.
There are unique challenges associated with GenAI and prioritising the most valuable use cases is key. Our GenAI governance framework helps you to ensure that duplication is avoided and that use cases align with your organisational and technological readiness, business goals, organisational values and propensity for risk.
Our approach to Responsible AI governance is robust but pragmatic, building on existing organisational governance including third-party risk management, cybersecurity and data governance, helping to ensure that technologies are not only innovative, but also aligned with broader societal values and ethical principles.
To get started, our Responsible AI Readiness Assessment provides a snapshot of your organisation’s readiness to manage AI risk and comply with forthcoming regulation. Our aim is to quickly identify gaps to address and provide a clear and pragmatic path forward.
The assessment measures readiness across six categories:
A report is produced outlining maturity levels in each area with next steps and a roadmap linked to the EU AI Act requirements.
We work collaboratively with you and your business stakeholders to discuss findings and agree a practical pathway forward based on risk exposure and existing projects.
Example snapshot view of AI readiness for the EU AI Act:
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EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
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About EY
EY is a global leader in assurance, consulting, strategy and transactions, and tax services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.
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This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice.
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