AI Auditing
AI Auditing
By auditing the use of AI within your organisation, you will be able to mitigate any potential risks and realise the opportunities in applying this new technology.
AI has the potential to revolutionise how your team works, but are you ready?
Do you know who on your team has experimented with AI? Do you know which AI platforms are being used in your organisation? Can you guarantee that sensitive data is handled with care when using AI in your team?
There are risks associated with using AI in your organisation; sensitive data shared with an insecure tool can lead to a data breach, reliance upon an untested AI tool can lead to poor quality outcomes.
There are opportunities as well; AI can take repetitive tasks and free your team to focus on high-value activities, it can help you to unlock insights in large data sets and it can summarise reports with speed and accuracy.
In order to mitigate against the risks and realise the opportunities, you need to understand how your organisation is applying AI technology and spot the processes that will be improved.
Our AI auditing service has been designed to suit regulated financial services firms who stand to win big if applying AI carefully, but also tread a very fine regulatory line. Our service is suitable for teams that need help in navigating this new technology and require a roadmap.
Our auditing process covers the following core areas of AI:
How your team currently uses AI
Your team's current awareness and understanding of AI technology
The ethical considerations your company makes with AI
How you handle data privacy and security when using AI
How effectively and efficiently you are currently using AI
Does your use of AI align with regulatory requirements?
Have you uncovered the future opportunities in using AI in your business?
The auditing process runs across four stages:
1. Questionnaire issued to your entire organisation
2. Analysis of questionnaire results
3. Documentation of findings and recommendations
4. Presentation back to you of our findings
We anticipate that this auditing procedure will uncover the following opportunities:
Training requirements
AI policy requirements
Opportunities for new efficiencies
Risk mitigation planning
If you would like to discuss your AI auditing requirements with us, please contact [email protected] or call 01481 740073.