Achieving AI Governance: Discover Collibra's Innovative Solutions for Enterprises

By now, many businesses recognize that generative AI is a permanent fixture in modern operations, and implementing it responsibly is crucial for their success. Organizations are embracing the concept of “AI governance,” which involves monitoring AI deployment and data usage.

Collibra, a leading data governance firm with headquarters in New York City and Brussels, Belgium, is launching a new solution aimed at addressing this need.

Are You Ready for AI Agents?

“The consensus is that AI is becoming a central focus for almost every organization, but it’s vital to implement AI correctly,” said Felix Van de Maele, Collibra co-founder and CEO, during an exclusive video interview.

Today, Collibra announced its new product, Collibra AI Governance, which aims to transform how organizations adopt AI by ensuring safety, efficiency, and trustworthiness in its deployment.

Bridging the Gap Between Technology and Policy

As part of the Collibra Data Intelligence Platform, Collibra AI Governance bridges the essential gap between data, artificial intelligence, and legal compliance.

This solution empowers teams across various domains to work collaboratively, ensuring AI initiatives comply with legal and privacy standards while minimizing data risks and maximizing model performance and return on investment (ROI). It supports organizations throughout the entire AI adoption journey—from ideation to deployment and continuous monitoring. Van de Maele stated, “It’s about supporting the entire AI lifecycle.”

Collibra AI Governance is applicable to all AI applications within an organization, not just a single solution or platform.

This tool distinguishes itself by providing intuitive management and oversight of AI projects, safeguarding sensitive data, and promoting transparency in AI applications.

“The biggest challenge lies in achieving true visibility across the organization regarding who is doing what and how,” Van de Maele explained. “It’s more than just documentation; it’s about establishing workflows to ensure everything is executed correctly.”

The solution integrates seamlessly with Collibra’s existing data management tools, including Collibra Data Catalog, Collibra Data Quality & Observability, Collibra Data Privacy, and Collibra Protect.

A New Approach to Risk Management

The need for effective AI governance is highlighted by a recent IDC survey, which found that while 71% of companies are leveraging AI, the implementation process is fraught with risks.

Challenges such as model bias, inaccuracies, and legal dilemmas can significantly impact an organization’s reputation and financial stability. For example, Google faced criticism over its Gemini AI model, which produced racially ambiguous imagery and awkward responses, affecting its reputation and stock value.

Collibra's AI Governance solution mitigates these risks by providing a comprehensive framework for AI governance that includes streamlined compliance processes, risk mitigation strategies, and mechanisms to improve model performance and ROI. It creates a unified platform for governing both AI and the data that supports it, addressing common concerns surrounding AI adoption.

As an add-on module to Collibra’s Data Intelligence Platform, Laura Sellers, Collibra’s Chief Product Officer, emphasized the solution's role in addressing the prevalent desire within organizations to harness AI responsibly amidst concerns over its unpredictability and potential negative outcomes.

“With Collibra AI Governance, we’re assisting CIOs, CDOs, data leaders, and legal teams by providing a unified platform to govern AI and the data that fuels it, along with automated workflows and policies to ensure trustworthy AI across the organization,” Sellers stated.

Endorsements from Industry Leaders

Dan Yu, Senior Vice President of Marketing and Solutions, Data and Analytics at SAP SE, praised Collibra AI Governance for its potential to ensure the ethical and accountable use of AI in organizations.

Collibra AI Governance will be featured at the Gartner Data & Analytics Summit in Orlando, Florida, from March 11-13, 2024.

By addressing the complex challenges associated with AI projects, Collibra is not just offering a product; it is delivering a commitment to responsible and effective AI.