Artificial Intelligence & Machine Learning , Data Masking & Information Archiving , Geo Focus: Asia

Navigating Data Governance in the Age of Generative AI

Panel of Experts Shares Data Governance Strategies to Address Rising AI Risks
Krishna Srivastava of Tsaaro, Priya Muku Gora of Axtria and Tanin Chakraborty of Biocon Biologics

As AI continues to evolve, companies must adapt their data governance strategies to keep pace with new regulations and technologies, according to a panel of experts - Tanin Chakraborty of Biocon Biologics, Priya Muku Gora of Axtria and Krishna Srivastava of Tsaaro.

See Also: Close the Gapz in Your Security Strategy

The first step in creating any governance structure is to form a core committee that will oversee various aspects, said Gora, a global DPO who leads GRC and Responsible AI at Axtria. "In that core committee, there should be technical folks, legal folks, compliance team, security team and other SMEs who collaborate."

The stakes are high for any AI project, so it is important to use this group as a tollgate, Gora said. "Every use case when you start should go through this committee."

Srivastava, co-founder and director at Tsaaro, said organizations that don't have a formal governance structure in place should follow global standards. "It is important for organizations to form their own standards by following ISO 42001, which is the AI management system. This is picking up pace in the industry," he said. "Wherever there is a regulation or absence of regulation, ISO standards are your best bet - to use a structured management system framework to enable AI ethics as well as the considerations within AI system development. Companies can also consider the regulations in the EU AI Act."

Chakraborty, senior director and global data privacy officer at Biocon Biologics, said organizations also should follow a data minimization policy. "AI requires a lot of data. Data is not only about retention but deletion as well. A lot of data is sitting across system servers. We need to understand if we really need to keep it. It is all about following the process of data minimization."

In this video interview with Information Security Media Group, the panelists also discussed:

  • Fundamental data governance practices;
  • How to assess the impact of new technologies;
  • Strategies for adapting to new technologies.

Gora has more than 18 years of experience in information security, compliance and data privacy. Before joining Axtria, she served as an associate director of governance, risk and compliance at Nagarro.

Chakraborty oversees and ensures data protection and privacy compliance on a global scale. Before joining Biocon Biologics, he was data privacy and protection manager for a fast-growing Indian fintech company.

Srivastava has more than years of experience, including critical experience in the risk consulting industry. He has been involved in enhancing the data protection programs of customers in the BFSI, healthcare, fintech, ITeS, manufacturing, e-commerce and crypto industries.

About the Author

Suparna Goswami

Suparna Goswami

Associate Editor, ISMG

Goswami has more than 10 years of experience in the field of journalism. She has covered a variety of beats including global macro economy, fintech, startups and other business trends. Before joining ISMG, she contributed for Forbes Asia, where she wrote about the Indian startup ecosystem. She has also worked with UK-based International Finance Magazine and leading Indian newspapers, such as DNA and Times of India.

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