What does model governance in CPMAI Step 5 aim to manage?

Model governance in the context of the Cisco AI Black Belt Academy's CPMAI Step 5 focuses on overseeing and ensuring the responsible use of artificial intelligence systems. This involves managing risks associated with AI deployment, such as ethical considerations, compliance with regulations, and the potential impact on various stakeholders. By prioritizing the responsible use of AI, model governance aims to mitigate issues like bias in AI models, data privacy concerns, and the overall integrity of the AI systems being utilized.

In this framework, addressing risks is crucial, as AI technologies can significantly influence decision-making processes and outcomes. Good model governance enables organizations to establish clear guidelines and accountability for AI systems, ensuring that they are effective while minimizing any adverse consequences.

The other options do not capture the essence of what model governance is about in this context. While technology funding might be a relevant concern for organizations, it does not directly relate to the governance of AI models. Similarly, monetary losses and social media presence are extraneous to the core governance issues of risk management and ethical AI usage.