The AI Vault is the first step in your AI compliance assessment and forms part of your governance framework, enabling you to further analyse and prioritise risks and compliance steps.
In today’s fast-moving technology landscape, and with new regulatory obligations coming into force or on the horizon, it is crucial for businesses to understand the AI tools they are procuring, developing and using. This is why we have developed our AI Vault, a platform which is designed to help you audit the AI assets in your business and to set out a dashboard overview of each tool.
Scope and purpose
The AI Vault is tailored to centralise all critical information pertaining to your AI tools and projects.
The platform was created to serve a wide range of stakeholders, and to capture initial audit information on the AI assets used in the business.
Data points include:
- A description of the AI system
- How it was developed or procured (together with vendor information), and where it is hosted
- Business use and reliance on the AI system, and how it is accessed and shared
- Details of the data and information inputs and outputs, including in respect of personal data
- Business led risk rating and an indicative categorisation (prohibited or high-risk) of the AI system.
The AI Vault is designed to streamline the audit and log of your AI assets, with user-friendly interfaces and efficient workflows.
Key features
- Centralised information management: AI Vault allows you to gather and store all key information about your AI projects in one convenient, centralised location. With everything you need to organise and easy to find, you can enjoy a more streamlined approach to managing records. This centralisation makes tracking and managing your AI assets straightforward.
- Efficient data collection: We know how important it is to have all the details in one place. The AI Vault employs a structured and intuitive questionnaire to facilitate the comprehensive documentation of the AI assets, ensuring all essential data is captured.
- Dashboard: The AI Vault provides a clear, organised overview of the AI assets, providing a snapshot to assist with further analysis and prioritising compliance steps. By providing a detailed overview of AI assets, the platform supports informed decision-making and sound risk management strategies.
- Support: The platform also offers resources and guidance to help users navigate the evolving landscape of AI regulation, such as our monthly AI newsletter, the Neural Network, ensuring that users have easy access to our know-how and briefings.
Next steps
To learn more about AI Vault and explore how it can support your management needs, contact ai.vault@shlegal.com to speak with a member of our team.
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