Singapore has released Asia’s first model artificial intelligence (AI) governance framework to provide detailed and readily implementable guidance to private sector organisations deploying AI solutions. It is a living document that will evolve with the fast-paced changes in a digital economy.
According to the Infocomm Media Development Authority, the two guiding principles for the framework for organisations are that decisions made by or with the assistance of AI are explainable, transparent and fair to consumers; and that AI solutions are human-centric.
It is hoped that this will then enhance trust in and understanding of AI, as well as acceptance of how AI-related decisions are made for the benefit of users.
“AI is a frontier technology that combines both data and analytics. In order to take AI to the next level, we need to see how technology can be applied to different industries,” said S Iswaran, Minister for Communications and Information, at the World Economic Forum Annual Meeting.
“This is important to us as it is the future. It has the potential to affect many sectors in very profound ways. We want to make sure that Singapore is prepared for that in terms of our capabilities, technology investments, as well as our regulatory requirements,” he added.