Versent is an Australian company specializing in custom software and IT services within the Business Services industry, founded in 2014. With a workforce ranging from 501 to 1,000 employees and reported revenue of approximately 126 million USD, Versent focuses on leveraging technology to enhance business operations. The company has published a white paper titled "Are You Really Confident You Know What’s Going On? Overseeing vs. Overlooking AI," which addresses the challenges organizations face in effectively adopting artificial intelligence (AI). The document highlights a significant gap between executive intentions and operational realities regarding AI implementation. It emphasizes the need for a governance system characterized by deep observability to ensure accountability, explainability, and data integrity in AI initiatives. Versent's insights suggest that many organizations may be investing in AI without clear objectives or foundational data, leading to potential operational risks. The white paper also discusses the integration challenges and the importance of establishing a standardized framework to drive innovation while maintaining compliance and security in data management.