Adrian Johnson
TLDR:
LogicGate has released a new AI Governance Solution to help organizations govern and manage AI technology. Users can reinforce AI risk tolerance levels, create centralized processes for AI use cases, automate risk assessment, and access AI-specific compliance controls. The release addresses concerns about AI governance challenges and the need for international standards.
Key Elements:
- LogicGate released AI Governance Solution for managing AI technology
- Users can reinforce risk tolerance, create centralized processes, and access compliance controls
- Addressing concerns about AI governance challenges and the need for international standards
LogicGate, a governance, risk, and compliance solutions provider, has launched a new AI Governance Solution to assist users in governing and managing the implementation of AI technology in their organizations. The software allows users to reinforce their AI risk tolerance levels, create centralized processes for AI use cases, and automate risk assessment. Access to AI-specific compliance controls and best practices from the National Institute of Standards and Technology is also provided. The release comes as a response to concerns expressed about potential governance challenges with AI technology, with many in the accounting field feeling that the technology is advancing too quickly. Nearly 80% of respondents in a recent study indicated the need for international standards and stronger governance of AI in their profession. Governments and standards-setting organizations are also recognizing this need, as evidenced by recent initiatives like the European Union’s AI Act and the White House’s AI Bill of Rights blueprint.
