AuditBoard rolls out new AI governance solution

AuditBoard, a major player in integrated risk management, compliance and audit platforms, launches a new solution dedicated to AI governance, unveiled at the RSAC conference (one of the world's largest and most influential events in the field of cybersecurity and digital risk management) in San Francisco on April 28. This innovation comes at just the right time, responding to growing concerns about the intensive use of AI in business. Indeed, according to a recent survey conducted by AuditBoard and Ascend2, 72% of audit, risk and compliance professionals believe that artificial intelligence will have a significant impact on their risk management processes.

Designed to enable responsible and secure governance, this solution offers several key functionalities. In particular, it centralizes AI use cases, facilitating their evaluation and approval while creating a single repository that becomes a true reference source for validated models and applications. In addition, it provides a dynamic link between AI risks, suppliers, assets and associated controls, enabling constant supervision.

Finally, the solution is based on recognized regulatory standards, including the NIST AI Risk Management Framework, to ensure optimum compliance. The company, which recently announced a partnership with EY to transform risk management in the UK and Ireland, is now consolidating its leading position, with over 2,000 corporate customers, including 50% of the Fortune 500.