WEF: Singapore announces new initiatives on AI governance to enhance consumer trust

At the World Economic Forum (WEF), Singapore announced a set of new initiatives on artificial intelligence (AI) governance to enhance consumer trust.

They include an Implementation and Self-Assessment Guide for Organisations (ISAGO); a Compendium of Use Cases; and the second edition of the Model AI Governance Framework. 

Singapore’s Minister for Communications and Information S Iswaran announced the initiatives alongside Kay Firth-Butterfield, AI Portfolio Head at WEF, at a joint press conference in Davos. 

Singapore’s Minister for Communications and Information S Iswaran announced the AI initiatives at the World Economic Forum. Photo courtesy: gov.sg
Singapore’s Minister for Communications and Information S Iswaran announced the AI initiatives at the World Economic Forum. Photo courtesy: gov.sg

These initiatives follow Singapore’s launch of the Model AI Governance Framework in Davos in 2019 and the announcement of Singapore’s National AI Strategy in November 2019.

In 2019, Singapore’s Info-communications Media Development Authority (IMDA) and the WEF’s Centre for the Fourth Industrial Revolution (WEF C4IR) announced a collaboration to grow discourse on and further AI and data innovation.

The result of this collaboration is the newly co-developed ISAGO, which aims to help organisations assess the alignment of their AI governance practices with the Model Framework. It provides an extensive list of useful industry examples and practices to help organisations implement the Model Framework.

Meanwhile, the Compendium of Use Cases demonstrates how local and international organisations across different sectors and sizes implemented or aligned their AI governance practices with all sections of the Model Framework. It also illustrates how the featured organisations have effectively put in place accountable AI governance practices and benefited from the use of AI in their line of business. 

In a media statement, the Infocomm Media Development Authority (IMDA) noted that Singapore sees AI as an important and fundamental technology for the digital economy. Products powered by AI are expected to offer a level of personalised service at a scale that was previously unimaginable.

Commenting on the initiatives, V K Rajah SC, Chairman of Singapore’s Advisory Council on the Ethical Use of AI and Data said, “As AI becomes more pervasive, it is important to build a trusted environment for its use through a multi-stakeholder effort involving public, private and people sectors."

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CtoI News Desk
CtoI News Desk – CtoI

Singapore-headquartered online media company targeting Indian Diaspora across Singapore, US, UK and Dubai. Connected to India covers developments around Indians abroad, informing, engaging and entertaining its audiences.

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