As artificial intelligence (AI) continues to reshape business operations, NAVEX, a leader in risk and compliance management software, has unveiled a new AI-focused content library. This resource aims to assist organizations in addressing the rapidly evolving landscape of AI regulations and frameworks, a critical need as more companies integrate AI into their daily operations.
The importance of this development is underscored by recent data from Forrester's Artificial Intelligence Pulse Survey, which found that 56% of AI decision-makers plan to use generative AI for production applications within the next year. This rapid adoption of AI technologies presents new challenges for organizations in terms of governance and compliance.
NAVEX's content library offers a comprehensive solution to these challenges, providing continuously curated information on international and industry-specific AI regulations, including emerging standards and compliance requirements. The library features centralized AI regulatory resources, streamlined control development, automated compliance monitoring, enhanced risk mitigation, and a future-proof compliance strategy.
A.G. Lambert, Chief Product Officer at NAVEX, emphasized the significance of this release, stating that it empowers risk management professionals to establish crucial controls and automate compliance processes. This dual approach enables organizations to embrace AI technology confidently, transforming challenges into opportunities for growth and innovation.
The NAVEX One platform further enhances AI governance by streamlining the process of developing and distributing AI-related policies. It also provides a secure solution for employees and third parties to report AI-related issues or concerns, allowing organizations to identify and mitigate potential risks early on.
With over 400 regulations and compliance frameworks, NAVEX's content library covers critical AI regulations such as the EU AI Act, NIST AI Risk Management Framework, and the Colorado Artificial Intelligence Act. The integration of AI training, incident management, and policy management into this comprehensive resource ensures that organizations can stay ahead of compliance requirements in a rapidly changing regulatory environment.
As AI technologies become increasingly prevalent in business operations, NAVEX's new content library represents a significant development in helping organizations navigate the complex landscape of AI governance and compliance. By providing tools to simplify compliance processes and mitigate risks, NAVEX is enabling businesses to harness the power of AI while maintaining regulatory adherence and ethical standards.
