On November 14th, IBM unveiled Watsonx, with the general availability of governance set for early December. This tool aims to assist organizations in illuminating AI designs and demystifying the process of data input and result interpretation.
Relational AI, driven by Big Language Models (LLM) or foundational models, offers numerous business applications but also presents challenges. These challenges include the use of training data scraped from the internet, which may lack verification for fairness and accuracy, resulting in opaque outcomes. Governance equips organizations with the necessary resources to manage risks, promote transparency, and prepare for compliance with forthcoming AI-focused regulations.
Watsonx empowers businesses to oversee and regulate versions flexibly, leveraging a mix of LLMs from technology providers and open-source communities in their AI development endeavors.
According to Kareem Yusuf, Ph.D., Senior Vice President of IBM Software, Product Management, and Growth, “Company boards and CEOs are eager to leverage the potential of advanced AI technologies, but concerns related to transparency and regulatory oversight have hindered progress.” For organizations struggling to navigate the deployment and management of LLMs and ML models, governance serves as a comprehensive solution to streamline AI management processes, monitor models effectively, and implement necessary adjustments. As global AI regulations take shape, the ability to translate these regulations into actionable policies becomes increasingly vital for businesses.
By offering automated model governance and comprehensive corporate governance encompassing people, processes, and technology, IBM Consulting enhances its strategic capabilities to support clients in responsibly scaling AI initiatives. IBM consultants leverage human-centric design principles to establish AI ethics boards, define corporate culture and responsibilities, deliver training, manage regulatory compliance and risks, and address cybersecurity challenges.
Governance, one of the three software products within the IBM Watsonx AI and data platform, alongside a range of AI assistants, is specifically designed to facilitate the expansion and acceleration of AI adoption within businesses. Positioned as an integral component of the Watsonx software suite, Governance serves as an artificial next-generation organizational studio for Watsonx and AI developers, offering accessible, comprehensive, and secure data repositories. Additionally, IBM recently introduced intellectual property protection for Watsonx models developed by the company.
