In this episode, Amir sits down with Jim Olsen, CTO of ModelOp, to explore the essential role of AI governance in today's organizations. Jim shares practical insights into managing foundational models, emphasizing their impact on regulatory compliance, business performance, and innovation. The conversation delves into the distinct challenges of implementing AI solutions, how governance aligns AI with business objectives, and the critical role of regulations. Learn how to navigate this evolving field and position AI as a strategic enabler for your organization. What you'll learn: Understanding AI governance:Why it’s critical for managing risks, ensuring compliance, and aligning AI with business goals. Building an AI model inventory:The first step in AI governance—tracking and maintaining an inventory of all AI models to enable better control and oversight. Managing the lifecycle of AI models:From design to retirement—how to ensure models stay effective, compliant, and valuable throughout their lifecycle. The business case for governance:How strong governance practices support performance metrics, innovation, and long-term ROI. Highlights: 01:20 The unique challenges of implementing foundational AI models 04:07 Defining the framework for AI governance 07:09 Why governance is essential for risk management and compliance 14:14 Measuring the performance and ROI of AI solutions 19:19 Practical examples of AI governance in action 21:48 What the future holds for AI governance This episode is packed with actionable advice to help business leaders and technologists navigate the complexities of AI governance. Tune in to learn how to make AI work smarter for your organization. Guest: Jim Olsen is the Chief Technology Officer at ModelOp, where he leads the design and development of ModelOp Center, a cutting-edge product for AI Governance. With over 40 years of experience in software across a wide range of industries, Jim brings a wealth of expertise to his role. Currently, he works remotely from his off-grid cabin in Colorado, exemplifying his unique approach to innovation and technology leadership. LinkedIn: https://www.linkedin.com/in/jimolsen/ ---- Thank you so much for checking out this episode of The Tech Trek. We would appreciate it if you would take a minute to rate and review us on your favorite podcast player. Want to learn more about us? Head over at https://www.elevano.com Have questions or want to cover specific topics with our future guests? Please message me at https://www.linkedin.com/in/amirbormand (Amir Bormand)