In response to the rapidly evolving landscape of Artificial Intelligence (AI) regulations and frameworks, NAVEX, a global leader in integrated risk and compliance management software, has unveiled a new AI-focused content library. This innovative resource is designed to assist organizations in addressing the complex challenges associated with AI governance and compliance.
The introduction of this content library comes at a critical time for businesses across industries. As AI technologies become increasingly integrated into daily operations, many organizations find themselves in uncharted territory regarding effective AI governance. According to Forrester's September 2023 Artificial Intelligence Pulse Survey, 56% of AI decision-makers indicated that their organizations plan to use generative AI for internal or customer-facing production applications within the next 12 months, highlighting the urgent need for robust compliance frameworks.
NAVEX's content library offers a comprehensive solution to this growing challenge. It provides a centralized repository of global AI regulations and industry-specific guidelines, streamlining the process of creating and implementing AI-specific controls. This resource is continuously curated to cover international and industry-specific AI regulations, including emerging standards and compliance requirements.
The library's key features include centralized AI regulatory resources, streamlined control development, automated compliance monitoring, enhanced risk mitigation, and a future-proof compliance strategy. These tools enable organizations to navigate the complex AI regulatory landscape more effectively, transforming potential challenges into strategic opportunities for growth and innovation.
A.G. Lambert, Chief Product Officer at NAVEX, emphasized the significance of this development, stating, 'As AI technologies revolutionize industries, companies find themselves standing at a crossroads, navigating the intricate landscape of effective AI governance. Our AI content not only empowers risk management professionals to establish crucial controls but also enhances efficiency by automating compliance processes.'
The NAVEX One platform further enhances AI governance by streamlining the process of developing and distributing AI-related policies. This ensures that companies can stay aligned with rapidly changing compliance requirements in the AI landscape. The platform also offers a secure solution for employees and third parties to report AI-related issues or concerns, enabling organizations to identify and mitigate potential risks early on.
With over 400 regulations and compliance frameworks, NAVEX's content library is an extensive resource that includes critical AI regulations such as the EU AI Act, NIST AI Risk Management Framework, and the Colorado Artificial Intelligence Act. The library's real-time updates allow businesses to select tailored content to meet emerging AI regulatory standards, providing the tools necessary to navigate both current and future compliance challenges effectively.
The introduction of NAVEX's AI content library represents a significant development in the field of AI governance and compliance. As organizations increasingly adopt AI technologies, the need for comprehensive, up-to-date regulatory information and compliance tools becomes paramount. This resource has the potential to help businesses across various industries implement strong controls, automate workflows, and perform comprehensive testing, ultimately enabling them to harness the power of AI while mitigating associated risks.
For companies looking to stay ahead in the rapidly evolving AI landscape, NAVEX's new content library offers a valuable resource to ensure compliance, mitigate risks, and foster responsible AI adoption. As AI continues to transform industries and business operations, tools like this will play a crucial role in shaping the future of AI governance and ethical implementation.
