Trace’s AI Governance Services
Good governance and risk management are crucial considerations with AI and associated technologies as regulation ratchets up. Many jurisdictions are legislating specifically in this area as well as bolstering existing data protection rules associated with ‘automated processing’ and the profiling of individuals. Many organisations are unsure how all these interlocking rules apply to their AI programmes, and how they should reconcile their broader societal responsibilities with their corporate needs.
Organisations committed to ethical innovation recognise that responsible AI governance and risk management programmes need to be at the centre.
A full third of organisations expanded their privacy functions in 2023, but lawyers still tend to make up half of data protection compliance teams globally* (EY report) meaning that many data protection teams are crying out for broad but specialist expertise in AI governance and risk assessment which marries the technical, the ethical and the regulatory/legal.
Trace is stepping up to meet this need with a new multi-disciplinary offering, building on delivered projects, which unites expertise across the world’s interlocking data protection and AI regulations, risk management, information security, ethics and more.
Running fast, without tripping up
Organisations rightly want to develop and deploy AI innovations nimbly and rapidly, but they - and their investors - also need to know that they are not running significant compliance, reputational and financial risks (and it must be assumed that a great many are). Trace’s new offering is entirely geared towards helping an organisation to right-size their AI governance and risk management programmes dependent on their unique use cases, and the learning and development goals of their team.
Trace has experience in establishing foundational knowledge of AI principles across organisations and at up to Board level, mapping AI/ML lifecyles, designing safe data models and surfacing all the attendant privacy risks organisations need to be tackling at each stage. We ensure that Privacy by Design is ‘baked in rather than bolted on’ while, as ever, a proactive, hands-on approach is the overall aim.
Most important of all, our solution represents a one-stop-shop which can supplement AI governance and risk management capabilities in whichever direction you need - or even stand them up entirely on an outsourced, independent basis. Trace’s clients stay with us to work cost-effectively and with the knowledge that they can always consult sector experts on demand. We expect our AI governance and risk management offering to rapidly become a core offering and would be delighted to tell interested parties more in an informal chat.
What Trace offers:
Audits and AI vendor/data processor assurance
Data model and data architecture design - we work with data scientists and technical teams to build in privacy and security risk mitigations for safe data flows and models
‘Responsible AI’ Data governance Frameworks - we build these, and teach these with tailored content and training
AI risks assessments.
Read more about our AI services or book your free consultancy call now to see how we can help you with pragmatic AI governance and help you build safe data models from the ground up.