MetricStream and the AISC have joined forces to support organizations worldwide in their ethical usage of AI with an automated tool for risk scanning.
December 16, 2019 | Palo Alto, California: MetricStream, the independent market leader in governance, risk, and compliance (GRC) apps and solutions announced a partnership today with the AI Sustainability Center, a global leader in sustainable and ethical AI. The two parties will collaborate with MetricStream’s M7 cloud-based GRC platform to automate and standardize the AI Sustainability Center’s risk scanning method and risk profiling for data-driven solutions. This first of its kind, innovative approach will allow organizations across industries to systematically and quickly gain insights into their use of artificial intelligence (AI) and data-driven solutions and how these technologies are scaling in their processes, products, and more broadly in society.
AISC, is a collaborative, research-focused center for applying Al Sustainability strategies and frameworks. The center provides thought leadership and expertise in technology, ethics, sustainability, human rights, and legal compliance. A strong multi-stakeholder network that spans industry, academia, civil society, government and regulatory bodies provides a holistic lens to solving complex ethical dilemmas and problems.
The Center works with partners from the both the public and private sector as well as tech start-ups to ensure that the products and services they offer can be scaled in a sustainable and responsible way. The days for “failing fast” are over, since the negative consequences that result from overuse or misuse of technologies are oftentimes unrepairable. It’s time for companies to get ahead of this and find new ways to ensure trust with their users and customers. The risk scanning and risk profiling capability, which AISC is now automating with MetricStream, is designed to guide organizations on this path.
The MetricStream M7 cloud-based platform and apps will be leveraged to allow companies to systematically understand, challenge, and address their AI processes and technology in the context of upcoming regulations, standardizations, and compliance requirements. By combining the strengths of the MetricStream cloud-based governance, risk, and compliance (GRC) platform and the AISC’s framework and methodology for Sustainable AI, the first step of the collaboration is to offer a tool for risk scanning.
AISC Co-founder Elaine Weidman Grunewald comments, “Industry professionals, researchers, policymakers, regulators, and individuals need to be aware of the ethical and social implications of Al. Risks such as privacy intrusion, discrimination, and bias can result in negative consequences if Al and other data driven technologies are not governed in a sustainable way. It’s time to get visibility to these risks in the normal risk frameworks and business models. We are excited to partner with MetricStream to bring this transition forward.”
Stephanie Huf, Head of Marketing and Industries, Telia Global and Division X, Telia Company says, “In Telia Company’s Division X we are developing innovative data centric products for cities, enterprises and consumers that will increasingly apply AI. As a leading telecom operator in the Nordics and Baltics, it is critical that we retain the high level of trust our customers have in us, so we wanted to get it right from the start with comprehensive risk scanning, facilitated by the AI Sustainability Center. Having access to this specialized AI risk tool via a global platform would allow us to be more efficient with future assessments and support the implementation of our Guiding Principles for Trusted AI across our operations.”
Sanjay Sinha, CMO, MetricStream, comments, “AI is becoming an ubiquitous technology where new risks threaten consumer trust caused by the lack of governance and transparency. MetricStream’s M7 GRC platform will enable AISC to scale its innovative, proactive approach in helping organizations build a strong foundation of good governance, risk visibility, and compliance powered by ethical AI.”
Anna Felländer, Co-founder, AI Sustainability Center, comments, “The AI Sustainability Center intends to focus on mitigating risks as well as facilitating the realization of the vast gains to organizations, society and individuals by acting proactively. It will provide an opportunity for members not only to avoid future pitfalls, but also to gain a competitive edge by learning to use Al in a sustainable way. The MetricStream platform will allow us to reach a wide range of organizations, providing scalable process that organizations can use to understand the scope of their AI risks and build plans to align them through transparency and good governance.”
About the AI Sustainability Center
The AI Sustainability Center is a multidisciplinary center for responsible and purpose-driven technology. It brings together actors from business the public sector, civil society and non-governmental organizations, as well as experts from various academic fields, in a collaborative initiative for piloting and implementing AI sustainability strategies and frameworks. The center focuses on how organizations can identify, measure and govern the ethical implications of AI and data driven technologies, and assesses how they are scaling in broader societal contexts. Our goal is to ensure a broader and deeper exchange on how the digitalization of society affects us all. AISC has developed the AI Sustainability Framework to assess risks and outcomes, and enable this conversation to take place in a multi-stakeholder environment.
The automated Ethical AI risk scanning service offering is part of AISC’s broader Sustainable AI framework and methodology.
AI Sustainability Center: [email protected]
MetricStream is the independent market leader in enterprise cloud applications for Governance, Risk, Compliance (GRC)/Integrated Risk Management(IRM). MetricStream apps and software solutions improve business performance by strengthening risk management, corporate governance, regulatory compliance, audit management, vendor governance, and quality management for organizations across industries, including banking and financial services, healthcare, life sciences, energy and utilities, consumer brands, government, technology and manufacturing. MetricStream is headquartered in California, with centers in New York, London, Milan, Madrid, Dubai, Sydney and Bangalore, among several other cities globally (www.metricstream.com).