Home Business AuditBoard unveils new AI Capabilities

AuditBoard unveils new AI Capabilities

by Geny Caloisi
AuditBoard, a cloud-based platform specialising in audit, risk, compliance, and ESG management, has announced the general availability of its robust artificial intelligence capabilities. Integrated within the company’s acclaimed connected risk platform, AuditBoard AI incorporates advanced technologies such as generative AI to support audit, risk, infosec, and ESG teams in optimising their workflows while maintaining enterprise-level security and privacy standards.

The deployment of AI presents a significant opportunity for risk management teams to enhance data connectivity across various functions, streamline content creation, and proactively identify issues, risks, and insights. AuditBoard AI is specifically designed to empower practitioners across different functions, enabling them to use generative content for drafting risk and control descriptions, employing AI models to detect redundant tasks, mapping controls across frameworks, and facilitating secure business growth by preemptively identifying gaps in control and risk mitigation strategies.

Melissa Pici, Senior IT Audit Manager at Syniverse, shared her positive experience with AuditBoard AI, highlighting its role as a productivity enhancer. She noted, “AuditBoard AI has been a game-changer for me and my team. I can get things done more quickly, which means it’s a huge capacity multiplier. Something that used to take twenty minutes now takes only five.”

AuditBoard AI aims to elevate the experience of audit, risk, infosec, and ESG practitioners and their stakeholders by offering faster and smarter workflows through the provision of relevant insights, intelligent suggestions, and workflow automation features such as report summarization, issue creation, and control mapping. Integrated seamlessly into AuditBoard’s connected risk platform, AI offers several key benefits, including:

  • Improved visibility: Analysing extensive datasets to identify missing framework mapping requirements, duplicate requests and controls, and potential risks.
  • Increased efficiency: Enhancing productivity by optimising processes to generate high-quality content and establish meaningful connections swiftly.
  • Secure operation: Ensuring enterprise-level safety through human validation and review processes.

Anton Dam, VP of AI at AuditBoard, emphasised the growing need for audit, risk, and infosec teams to leverage AI technology securely to manage the scale and complexity of the contemporary risk landscape effectively. He stated, “AuditBoard AI helps them do just that. By taking a human-centered approach, AuditBoard also ensures that safety, transparency, and accountability are prioritised in our AI solution’s development and deployment.”

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