In a significant move to address the complexities of Artificial Intelligence (AI) governance and compliance, NAVEX has launched a new AI-focused content library. This initiative is designed to support organizations as they navigate the rapidly evolving regulatory landscape surrounding AI technologies. With AI becoming increasingly integral to business operations, the need for clear guidelines and compliance frameworks has never been more critical.
The content library by NAVEX emerges as a timely resource, especially in light of findings from Forrester's September 2023 Artificial Intelligence Pulse Survey. The survey revealed that 56% of AI decision-makers are planning to implement generative AI in production applications within the next year. This underscores the urgency for accessible, comprehensive resources on AI governance to ensure ethical and regulatory compliance.
NAVEX's solution offers a centralized repository of continuously updated materials, including international and industry-specific AI regulations. A.G. Lambert, Chief Product Officer at NAVEX, highlights the library's role in empowering organizations to establish necessary controls and automate compliance processes, thereby enhancing efficiency and mitigating risks.
Key features of the NAVEX AI content library include centralized regulatory resources, streamlined control development, and automated compliance monitoring. These tools are designed to help organizations proactively manage AI-related risks and stay ahead of regulatory changes. Additionally, the NAVEX One platform complements this initiative by facilitating the development of AI-related policies and providing a secure channel for reporting concerns.
The library encompasses over 400 regulations and frameworks, such as the EU AI Act, NIST AI Risk Management Framework, and the Colorado Artificial Intelligence Act, ensuring organizations have access to the latest standards and requirements.
This launch marks a pivotal moment in the journey towards responsible AI adoption. By providing real-time updates and tailored content, NAVEX's AI content library equips businesses with the tools needed to leverage AI technologies while adhering to ethical guidelines and regulatory mandates. This initiative not only addresses current compliance challenges but also sets a foundation for future governance strategies in the ever-changing AI landscape.
