AI Governance helps manage the privacy, ethical, and societal risks associated with AI.
OneTrust has launched a new solution called Artificial Intelligence (AI) Governance to help organizations address the risks associated with AI. As AI and machine learning (ML) are increasingly used to process copious amounts of data and drive innovation, AI Governance provides visibility and control over data usage and the risks posed by AI models.
“Success and scaling of AI projects require leaders to address strategies and methods related to fairness, transparency, explainability, reliability, privacy and security.”– Gartner1
With the widespread adoption of AI and ML, it is crucial for organizations to address the ethical, privacy, and societal risks associated with these technologies. AI Governance enables companies to embed data ethics, privacy, and security practices by default in their use of AI across their business.
“Responsible AI is not an option, but a necessity in today’s business landscape. Using our product, organizations can automate record-keeping and risk management, ensuring transparency, fairness, and accountability in their AI systems. By implementing responsible AI practices, companies can build trust with customers, regulators, and society at large, and position their business for success in the AI-driven future,” said Blake Brannon, Chief Product and Strategy Officer at OneTrust.
AI Governance enables compliance teams and data scientists to gain a better understanding of data usage and classification, evaluate risks, and demonstrate compliance with emerging global requirements. The new solution provides the following capabilities:
- Inventory: Organizations can centrally view and manage AI models, datasets, and projects, including those developed internally or sourced from third parties. AI Governance establishes relationships across data sets and AI models, tracing the path of data from its origin.
- Assess risk: Users can evaluate AI projects against global frameworks and laws, such as the NIST AI Risk Management Framework (RMF) and OECD AI Principles. The solution connects to structured and unstructured data sources, automatically discovering and classifying sensitive and personal data that may lead to algorithmic bias or privacy risk. Regulatory intelligence automates compliance workflows, risk management, and the generation of required control mitigations and compliance documentation.
- Monitor: AI Governance integrates with existing model registries and MLOps tooling to identify AI model usage and changes, syncing with a centralized inventory. Teams can continuously evaluate models and training data for drift, fairness, bias, accuracy, and quality with in-app alerts.
The new solution will be initially available to select customers through the AI Governance Early Access Program (EAP).
1Gartner, Applying AI — Governance and Risk Management, Avivah Litan, Svetlana Sicular, et al., Dec 7, 2022
About Utility Analytics Institute (UAI)
UAI Enables Utility Transformation Through Analytics
UAI is a utility-led membership organization that provides support to the industry to advance the analytics profession and utility organizations of all types, sizes, and analytics maturity levels, as well as analytics professionals throughout every phase of their career.
Transforming into a data decision-based company is one of the most difficult transitions a utility will have to make to thrive in the new energy economy. It’s more than just managing massive amounts of data, implementing the right tools and technology, and people and process management. It’s ensuring you have proper change management processes in place to address cultural challenges, as well as data management and governance plans, and best practice and compliant security strategies in place. It’s implementing the best organizational structure for your utility, and hiring and retaining talented staff, plus so much more! UAI brings together leading utilities who are serious about tackling these challenges and together we concentrate on utility analytics.
What’s UAI Membership all about? UAI serves multiple audiences providing different membership packages for each audience type. Learn more about how UAI unifies our community, serves each audience to help you meet your goals and address challenges, and how each audience collaborates to better serve the utility industry.
Contact Kevin Praet, Membership Relations, at kpraet@utilityanalytics.com to learn about the benefits of becoming a member of Utility Analytics Institute (UAI).
