Konfer Ai Grc For Global Ai Regs

By Author: Arina Smith
Total Articles: 185
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Konfer, an AI company headquartered in Silicon Valley, has introduced a new product called Konfer AI GRC, aimed at enhancing governance and compliance in the context of artificial intelligence (AI) implementation within enterprises. This Governance-by-Design framework is designed to facilitate continuous compliance, thereby expediting the adoption of AI technologies in business operations. Konfer AI GRC leverages generative AI to convert policies and regulations into actionable governance controls, creating a comprehensive governance playbook. This playbook assists organizations in mapping all their AI-related assets, which include data, models, and applications. Moreover, it offers real-time assessment of the risk posture of these assets in alignment with the established governance guidelines, ensuring adherence to AI and other regulatory standards.

Debu Chatterjee, the CEO of Konfer, stressed the increasing significance of understanding how AI assets, such as models, applications, and data, interact with each other and the potential risks they introduce to an organization. He brings a wealth of experience to the table, ...
... having served as the first Head of AI Engineering at ServiceNow following the acquisition of his company, DxContinuum, by ServiceNow in 2017.

The approach taken by Konfer in developing Konfer AI GRC is described as "outward-in." This method involves transforming governance and compliance mandates into product rules, making use of generative AI to enhance product performance. The result is a significant reduction in the time required for governance and compliance activities, from weeks to mere hours, and a shift toward continuous monitoring.

In a global context, various industrial consortia and statutory bodies establish intricate compliance requirements tailored to their specific needs. These requirements can be highly intricate and challenging to comprehend. As regulations continue to evolve and enterprise assets proliferate, having a standardized approach becomes crucial for reducing costs while preserving competitiveness and fostering innovation.

Konfer AI GRC offers a solution to compliance and legal officers, as well as other stakeholders involved in AI initiatives. It assists them in establishing internal checkpoints customized to their unique business requirements. This ensures that they remain in step with the ever-changing landscape of AI compliance. Konfer introduces the concept of the "Konfer Confidence Score," akin to the FICO score for personal credit, which serves as a valuable tool for enterprise leaders to make informed AI governance decisions, directly impacting their brand reputation, customer engagement, and market positioning.

About Konfer:

Konfer is based in Milpitas, California, and is a venture-backed AI company. It distinguishes itself by being the first to develop governance workflows that align with complex AI governance regulations across the globe.

In summary, Konfer has launched Konfer AI GRC, an AI-powered Governance-by-Design framework aimed at ensuring continuous compliance and accelerating the adoption of AI within enterprises. The solution leverages generative AI to convert regulations into governance controls, creating a governance playbook that assists in mapping AI assets and monitoring their risk posture in real time. This approach is designed to address the growing need for transparency, compliance, and risk management in AI adoption across various industries and regulatory landscapes.

https://www.techdogs.com/tech-news/business-wire/konfer-launches-ai-grc-to-cover-global-ai-regulatory-requirements