AI Oversight Framework: Financial GRC Requirement for AI Adoption

This IDC Perspective emphasizes the critical need for CFOs to implement an AI oversight framework in finance, highlighting its role in ensuring financial integrity, regulatory compliance, and operational resilience. It outlines steps for establishing governance structures, assigning roles, and managing AI risks while advocating for a cross-functional AI governance board. The framework aims to safeguard AI use, enhance strategic agility, and position finance as a catalyst for responsible innovation, mitigating risks associated with automation, bias, and regulatory noncompliance."CFOs who want to stay ahead in a rapidly evolving financial landscape must invest in AI governance now to ensure they're steering - not just reacting to - the innovations of tomorrow." - Heather Herbst, research director, CFO Tech Agenda at IDC