AI Governance Glossary

Key terms used in AI governance, compliance, and AIMOaaS™.

AI governance

Policies, processes, and controls that ensure AI use is safe, traceable, and aligned with risk appetite and regulation.

Shadow AI

Unsanctioned use of AI tools by employees (e.g. personal ChatGPT, unapproved APIs). See Shadow AI.

Human-in-the-Loop (HITL)

Design where humans review or approve critical decisions (e.g. blocking high-risk AI use), while automation handles detection and routine tasks.

Evidence Bundle

Documentation and logs required for audits (e.g. EU AI Act Annex IV). AIMO Standard helps structure and maintain evidence.

FinOps

Practice of managing and optimizing cloud and AI spend. AIMOaaS™ can report on AI-related cost and usage.

AIMO Standard

Open framework that unifies EU AI Act, ISO/IEC 42001, and NIST AI RMF. AIMO Standard.

EU AI Act

EU regulation that classifies AI by risk and sets obligations and fines. EU AI Act.

ISO/IEC 42001

International standard for AI management systems. AIMO Standard aligns with it.

NIST AI RMF

NIST AI Risk Management Framework. AIMO Standard aligns with it.