The world of Artificial Intelligence is growing quickly as more people realize how powerful of a tool it can be. As the technology expands, professions, use cases, and businesses emerge alongside it. Gartner Inc. is a well-respected technology research and consulting company who recently organized emerging AI related technologies in "AI TRiSM" in an attempt to provide a better understanding of the emerging AI ecosystem.
AI TRiSM is shorthand for AI (T)rust, (Ri)sk, & (S)ecurity (M)anagement. In the words of Gartner, AI TRiSM “ensures AI model governance, trustworthiness, fairness, reliability, efficacy, security and data protection. This includes solutions and techniques for model interpretability and explainability, AI data protection, model operations, and adversarial attack resistance.”
This concept is the very reason FAIRLY came into being and is an idea we hold in utmost importance. We see AI as the future of technology, and AI TRiSM as essential to helping us reach that future sooner.
The importance of AI TRiSM
Ai is a powerful, diverse tool that is used to solve countless problems in the world today. The recommended songs on Spotify? AI. The recommended routes on Google maps? AI. Fraud analysis, billions in traded securities, self-driving cars, accepting or rejecting loan applications and job applications? You guessed it, AI. While clearly powerful, we must realize that the benefit a tool provides from its success is often comparable to the impact of its failure. In the case of Artificial Intelligence, failure could mean millions in reputational, legal or financial losses.
This is why AI TRiSM is important – to prevent such errors.
How FAIRLY steps into the role of AI TRiSM
FAIRLY specializes in model risk management, governance, and compliance of artificial intelligence. Organizations who use our platform will find that AI models are better organized, team members are better coordinated, and that potential risk is minimized. We achieve AI TRiSM through a number of strategies:
FAIRLY’s mission is to support the broad use of fair and responsible AI by helping organizations accelerate safer and better models-to-market. We offer an award-winning AI Governance, Risk and Compliance SaaS solution for automating Model Risk Management. Our enterprise-scale, API-driven productivity and risk management tools feature automated and transparent reporting, bias detection, and continuous explainable model risk monitoring, thus streamlining AI development, validation, audit and documentation processes across the three lines of defense for financial institutions around the world. Visit us at https://www.fairly.ai or follow us on Twitter and LinkedIn.