Meaning ● AI Governance Frameworks provide a structured approach for SMBs to responsibly manage the risks and maximize the benefits of Artificial Intelligence. ● Within the context of SMB growth, automation, and implementation, these frameworks consist of policies, processes, and guidelines designed to ensure AI systems are aligned with business goals, ethical standards, and legal requirements. ● Properly implemented, a framework allows SMBs to innovate with AI while safeguarding customer data, maintaining transparency, and building trust. ● Effective AI governance helps small businesses avoid potential pitfalls, such as bias in algorithms or compliance issues, thus fostering sustainable and ethical growth through automation. ● As SMBs increasingly adopt AI to streamline operations and gain a competitive edge, a robust governance framework becomes essential for responsible and beneficial AI integration.
