Understanding the OMB Memorandum and AI Governance

On March 28th 2024, the Office of Management and Budget (OMB) issued the following memorandum—”Advancing Governance, Innovation, and Risk Management for Agency Use of Artificial Intelligence”—that represents a pivotal milestone for federal agencies and its data leaders. (Read the memorandum)

This directive compels agencies to swiftly enact a number of specific AI management protocols, including:

• Appointing a Chief Data and AI Officer (CDAIO) within 60 days
• Establishing an AI Governance Board within the same timeframe
• Developing and submitting a compliance plan within 180 days
• Creating an annual AI use case inventory
• Formulating a comprehensive AI strategy within 365 days for CFO Act agencies

If you’re in a data or AI leadership position at a federal agency, and you’re feeling an overwhelming sense of urgency, we want to help you navigate the new requirements.

Read more here.