Bram Stoker’s character, Professor Van Helsing in Dracula, said “we learn from failure, not from success!”.

This is a favourite quotation of mine, and with forty years of managing IT projects, I have spent the last ten years studying IT project failure. And I have developed some ‘minority opinions’.

My interest in why projects fail was sparked by a question attributed to the former Chief Information Officer at the Treasury Board of Canada, who raised his hand at a Standish Group presentation in 1995. The question has come to be known as Cobb’s Paradox:

‘We know why projects fail, we know how to prevent their failure – so why do they still fail?’

AI Governance Crisis in Financial Services

A groundbreaking investigation by the Australian Securities and Investments Commission (ASIC) has revealed an extremely concerning disconnect between the rapid adoption of AI technologies and the maturity of governance frameworks in the financial sector. The comprehensive review of 624 AI use cases across 23 financial institutions exposes an alarming "governance gap" that threatens both market stability and consumer protection. With 61% of financial institutions planning to accelerate their AI deployment in the next 12 months and generative AI adoption soaring to 22% of use cases in development, the urgency for robust oversight has never been greater.

The findings paint a concerning picture of the industry's readiness to handle AI risks: less than half of the reviewed institutions had policies addressing AI fairness or consumer disclosure requirements. This governance deficit comes at a critical time when financial institutions are rapidly deploying increasingly complex and opaque AI systems that directly impact consumer outcomes. Our latest podcast episode dives deep into these findings, featuring exclusive insights from industry leaders and regulatory experts on how organizations can bridge this dangerous gap before it's too late. Don't miss this essential discussion on one of the most pressing challenges facing the financial sector today.

#FinancialServices #AIGovernance #RiskManagement #ASIC #FinTech #Leadership #Innovation #RegTech

The European Union has just crossed a historic milestone with the adoption of the world's first comprehensive AI legislation. As the August 2026 deadline for high-risk AI system compliance approaches, organisations face a complex web of new requirements - from risk management and data governance to human oversight and cybersecurity. The stakes are high: non-compliance could mean significant business disruption and legal exposure, while early adaptation could create competitive advantages in the growing EU market.

This groundbreaking legislation will reshape how organisations develop, deploy, and manage AI systems across Europe and beyond. Our latest analysis reveals the critical role of emerging technical standards in achieving compliance, particularly for high-risk AI applications in government, healthcare, and critical infrastructure. These standards will provide the practical framework for implementing the Act's requirements - but time is of the essence. With only two years until enforcement begins, organisations must start preparing now to ensure their AI systems meet these new regulatory demands. 🎧 Listen to our full podcast for an essential deep dive into what these standards mean for your organisation and how to get ahead of the curve.

AI GOVERNANCE PODCAST PODBEAN: https://doctordarryl.podbean.com APPLE: https://podcasts.apple.com/au/podcast/ai-governance-with-dr-darryl/id1769512868 SPOTIFY: https://open.spotify.com/show/4xZVOppbQJccsqWDif0x1m?si=3830777ccb7344a8

GET MY BOOKS HERE Governing AI in Australia - https://amzn.asia/d/i5MFgwN AI Governance - https://amzn.asia/d/07DeET2v Cybersecurity Governance - https://amzn.asia/d/0edKXaav AI Digest Volume 1 - https://amzn.asia/d/0ekqTUH0 AI Digest Volume 2 - https://amzn.asia/d/06syVuaJ

#EUAI #AIRegulation #TechPolicy #DigitalTransformation #AIGovernance #RegulatoryCompliance #AI #ArtificialIntelligence #AIGovernance #AIRegulation #AIRegulations #AIPolicy #AIEducation #EdTech #HigherEdAI #ResponsibleAI #AICompliance #EthicalAI #AIEthics #EUAIAct #AITrust #AIAustralia #AusAI #TechPolicyAU #InnovationAU #CyberSecurity