P2P

Winter24

Peer to Peer: ILTA's Quarterly Magazine

Issue link: https://epubs.iltanet.org/i/1530716

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68 P E E R T O P E E R : I L T A ' S Q U A R T E R L Y M A G A Z I N E | W I N T E R 2 0 2 4 B Y M I N C H E N HOW LAW FIRMS ARE MAXIMIZING GEN AI INVESTMENTS THROUGH ROBUST DATA GOVERNANCE R obust data governance is a requisite for business in today 's digital age. Data governance might seem overly restrictive or burdensome for some, but it can facilitate and accelerate the enterprise's implementation and adoption of Generative AI (Gen AI). A robust data governance program can give organizations a significant competitive advantage when implementing Gen AI- powered technology successfully. According to Deloitte, expectations of Gen AI benefits remain high, but many executives feel pressured to realize its value quickly. Given the growing shortage of skilled AI professionals, combined with the fact that many Gen AI

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