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Boomi & Connor Group launch Enterprise GenAI governance tool
Boomi & Connor Group launch Enterprise GenAI governance tool

Boomi, in collaboration with the Connor Group and a distinguished group of academic researchers, has launched the Enterprise GenAI Governance Framework. This tool is the first enterprise risk framework specifically designed for generative artificial intelligence (GenAI). The framework is designed to provide organizations of different sizes with a detailed guide and comprehensive methodology to assess their readiness for AI, manage the associated enterprise risks, and adopt GenAI responsibly.

Developed in collaboration with over 1,000 business leaders, academics and industry associations, the framework is customizable so companies can tailor it to their unique goals, needs and risk appetite. By aligning it with their Enterprise Risk Management program, companies can ensure that GenAI adoption is both safe and responsible.

Jeff Pickett, Chairman and Founder of The Connor Group, emphasized the importance of having a strategic AI adoption plan, commenting: “Effectively adopting AI will be a tremendous competitive advantage, but many don’t know where to start and how to apply it. There are some AI tools already in place, many more are on the way, and they’re coming fast. Developing a smart AI adoption strategy with underlying controls, data, and processes ready for AI takes time. The most competitive companies are doing it now.”

The Enterprise GenAI Governance Framework is designed to bridge the gap between strategic oversight and operational execution. Waseem Samaan, Chief Audit and Risk Officer at Boomi, provided insights into the practical applications of the tool. He explained: “At Boomi, we understand the power of clarity and action. The Enterprise GenAI Governance Framework, which I had the privilege of helping to design, embodies this by providing a one-page summary ideal for board discussions, as well as a detailed breakdown of controls for practical implementation.”

“It is designed not only to be adopted, but also adapted, allowing companies to assess their compliance and maturity and identify strengths and opportunities for improvement. We are proud to be among the first to implement and promote a tool that so effectively bridges the gap between strategic oversight and operational excellence.”

The framework is available as a free resource from the Connor Group. In addition to comprehensive documentation, it includes a robust set of risk and control considerations. Organizations can use the GenAI Governance Framework Maturity Model to further increase its utility. This model was developed by professors David Wood (Brigham Young University), Scott Emett (Arizona State University), and Marc Eulerich (University of Duisburg-Essen). It enables organizations to assess their current governance practices, identify areas for improvement, and strategically plan future improvements. By assessing maturity levels against various control considerations, organizations can gain insight into their strengths and weaknesses and take targeted actions to strengthen their AI governance.

David Wood emphasized the importance of these tools for navigating the rapidly evolving AI landscape. “The GenAI Governance Framework and its associated Maturity Model serve as important resources for organizations seeking to navigate the evolving AI landscape. By adopting these tools, organizations can improve their readiness, resilience and ability to leverage the benefits of AI while effectively managing their risks,” he said.

The launch of the Enterprise GenAI Governance Framework is an important step towards responsible AI adoption. Organizations now have access to a structured approach and comprehensive resources to ensure their path to generative AI is safe and strategically sound. The collaboration between Boomi, Connor Group and academic researchers underscores the joint effort to address the challenges and opportunities presented by AI technologies.

By Aurora