As artificial intelligence (AI) continues to transform industries worldwide, the importance of AI governance has skyrocketed. With the rapid development of AI technologies, managing their deployment, ethical implications, and regulatory compliance has become essential. In 2024, the AI governance market is expected to grow significantly as businesses and governments seek ways to ensure that AI systems are used responsibly, fairly, and transparently. Let’s take a closer look at the dynamics of the AI governance market, its key drivers, challenges, and opportunities. What is AI Governance? AI governance refers to the framework of policies, regulations, and best practices designed to manage and oversee the development and use of AI technologies. This includes ensuring AI systems are ethical, transparent, and compliant with local and international regulations. AI governance addresses key issues such as bias in AI models, data privacy, accountability, and security risks, aiming to create a...