VerifyWise

VerifyWise AI Tool Overview

VerifyWise is an AI governance platform designed specifically for enterprise compliance and responsible AI deployment. It targets the challenges organizations face when trying to align their AI initiatives with existing and emerging regulations. The platform offers an extensive suite of tools to manage the complete lifecycle of AI within an enterprise, from development through to production.

"Automate compliance, improve trust, reduce risk."

The overarching aim of VerifyWise is to provide a centralized solution for automating compliance processes, managing risks associated with AI technologies, and fostering trust between stakeholders. This is achieved through systematic risk assessments, real-time monitoring of AI systems, and a structured approach to AI governance.

Features of VerifyWise

• AI Systems Management: A comprehensive solution for overseeing AI requests, risk scoring, and facilitating clear project approvals.
• Model Inventory: Real-time tracking of all AI models deployed within the organization, capturing their lineage and status.
• Risk Management: Tools to identify, assess, and mitigate risks centralized in one platform.
• Approval Workflows: Role-based reviews with automated notifications and complete audit trails for AI initiatives.
• Policy Management: Develop and enforce AI governance policies at scale.
• Event Tracking & Audit Logs: Immutable audit trails capturing every action across your AI portfolio.

Compliance and Governance with VerifyWise

Enterprises using VerifyWise can expect an advanced platform that handles out-of-the-box compliance for frameworks like the EU AI Act, ISO 42001, NIST AI RMF, and custom frameworks. VerifyWise simplifies the process of navigating regulatory bottlenecks, visibility gaps, and implementation delays that can impede the deployment of AI applications.

"The most comprehensive AI governance platform in the world."

It bridges visibility gaps by providing an integrated view of all AI tools to prevent untracked deployments that could lead to regulatory action. Implementation delays are addressed by offering a solution that expedites the compliance journey, ensuring that enterprises can capitalize on AI opportunities without delay.

Governance Functionalities

VerifyWise centralizes governance controls, enabling enterprises to maintain a single source of truth from the first AI request to production deployment. The platform emphasizes the importance of collaboration among stakeholders including legal, technical, and business teams, uniting them within shared workspaces. A broad range of functionalities is offered, including:

• Use Case Management: Centralize and govern all AI initiatives with tracking from inception through deployment.
• Risk Assessment: Employ a purpose-built risk framework specifically designed for AI, with quantified risk scoring and control mapping.
• Incident Response: Standardize the intake of AI failures and coordinate effective response mechanisms.

By providing tools and templates for compliance and governance, VerifyWise empowers organizations to adopt AI responsibly and remain compliant across jurisdictions. It is a unifying platform where policy creation, incident logging, AI model tracking, and risk management converge to enable trusted AI deployment in enterprises.