“Advanced AI could represent a profound change in the history of life on Earth and should be planned for and managed with commensurate care and resources.” Pause Giant AI Experiments Open Letter, Mar 22, 2023.

This year, conversations around AI in the enterprise exploded out of the ivory tower and into the public discourse. AI tools like ChatGPT are poised to transform work as we know it, and companies of all sizes are scrambling to adopt them effectively and responsibly. 

Many businesses feel a sense of panic, torn between wanting to move fast with adoption and not falling into the many publicized pitfalls other companies have stumbled upon using new AI tools. 

At first, the balance between rapidly adopting AI and safeguarding against its pitfalls can seem like a point of significant friction. 

But it doesn’t have to be.

Today, we are thrilled to announce a significant update to our AI Governance Platform. Say hello to our new AI Registry—your one-stop shop for managing the ROI of AI for your enterprise. Request a demo today!

Where AI Governance Begins.

Imagine having a centralized library for all your AI projects, where you can quickly sort projects by value or impact and risk to your business. 

Our AI Registry is precisely that: a library storing all your ML models and AI systems in one place, providing top-down visibility into the risk and impact of your AI systems, and enabling you to track, prioritize, and communicate the value of each AI use case between teams and stakeholders, and executives. 

It is not only about visibility but translating visibility into action. 

Our AI Registry is integrated with the wider Responsible AI (RAI) platform, and it is intended to promote AI adoption throughout your organization with ease and security. It provides you with a simple framework for understanding potential business risks and impacts or value of your AI systems, so you can quickly and easily prioritize high-value systems for development—or hold off on systems that don’t deliver enough value to justify the risk. 

The 3 Immediate Benefits From The AI Registry. 

#1: Track and prioritize AI adoption efficiently and effectively to increase the ROI of AI.

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AI adoption is a top priority in the enterprise; however, most enterprises don’t have any kind of centralized visibility into or management of AI adoption for business and governance stakeholders. 

As a result, AI adoption is often fragmented, and many projects fail to get off the ground due to a lack of stakeholder participation and buy-in.

Our AI Registry provides you with a centralized source of truth for tracking AI/ML products in development or uses across the enterprise, so you can quickly see where and how AI is being used, by which teams, and in which products or offerings. With the AI Registry, you can ensure that relevant stakeholders have full visibility into all AI/ML projects, giving them a much higher chance of success—and a greater ROI.

• Easily capture relevant metadata about where and how an AI system is used in your business.
• Integrate with MLFlow to ensure that all ML models in development or production across your enterprise are visible to business and governance teams in your AI Registry;
• Simple registration flow for AI systems (products, applications, or offerings using AI/ML).

#2: Surface AI business risks for more effective and efficient AI risk management. 

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Executives and business stakeholders have little-to-no visibility into AI risk, resulting in AI adoption decisions without considering risk or compliance issues. This often results in projects getting shut down by risk/compliance teams after significant investment has already been made, which is a massive waste of organizational resources. 

As these projects often involve significant initial costs, AI Governance Leads need to have access to tools that provide visibility and facilitate effective management and mitigation of potential risks that could fail. 

Our AI Registry can assist organizations in identifying potential risks across their AI projects, thereby supporting AI governance leads in proactively surfacing and mitigating these risks through our risk recommendation system. 

Credo AI Policy Intelligence automatically evaluates metadata about your use cases to identify and suggest potential risks and business impacts. And, to translate insights into action, our AI Registry can also suggest relevant Policy Packs recommendations for your specific use cases to mitigate those risks. 

• Credo AI translates metadata about where and how your AI systems are being deployed into suggested risk scenarios and business impacts;
• AI governance leads, risk and compliance leads, and privacy leads can review and accept or fine-tune out-of-the-box risk suggestions;
• Generate dashboards you can share with executives to review AI risk and business impact across the enterprise.

#3: Meet emerging regulatory requirements:

Currently, many emerging regulations increasingly require organizations to maintain and, in some cases, make public or provide regulators with an AI Registry or a list of different AI use cases. The EU Act serves as just one example of this trend. Organizations need a centralized, consolidated list of all the different ways they use AI if they want to be compliant.

• The AI Registry is your centralized register for all AI/ML applications in use or development across your business.
• The AI Registry has been developed in close collaboration with the policy ecosystem to meet emerging and current requirements for AI/ML reporting and disclosure.

Now is the Time for AI Governance. 

Whether you already have an AI Governance program in place or are just getting started, the first step is to gain visibility into where AI is being used and applied across your business. Our AI Registry provides you with that visibility by making it easy for product owners and data scientists to maintain information about the AI systems they’re building or buying. It also translates visibility into action with insights about risk and recommendations for Policy Packs to mitigate those risks. 

Remember: good AI is not only about visibility but transforming visibility into action. Start your AI Governance journey today; request a demo for the AI Registry today!