Across industries, AI brings unprecedented advantages to businesses and with the introduction of generative AI, interest and adoption are escalating quickly.

According to IDC, enterprises worldwide are expected to invest $151 billion on AI solutions in 2023 and the worldwide AI IT spend will exceed $308 billion by 2026. Despite the growth, there are existing barriers to adoption, including lack of AI governance and risk management solutions.

In this IDC white paper, learn about:

• The new challenges involving risk and complexity that generative AI is creating
• The need for governing AI and machine learning (ML) models
• How organizations are succeeding by proactively adopting AI governance
• Steps to establish a framework to drive trusted, transparent and explainable AI