AuditBoard has today launched a new governance tool designed to help companies fast-track their AI risk management programmes and drive responsible AI adoption.
The new solution is designed to help user organisations meet AI best practice guidelines outlined in such frameworks as the National Institute of Standards and Technology’s AI Risk Management Framework.
“This solution will help compliance teams address the widespread and urgent need for AI governance we are seeing across all industries,” said Happy Wang, chief technology officer at AuditBoard. “Our customers can now quickly identify, assess and mitigate potential risks associated with AI systems, ensuring a more efficient and proactive approach to managing AI.”
A recent survey conducted by AuditBoard and Ascend found that 72% of audit, risk and compliance practitioners believe AI will significantly impact their risk management processes.
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