At CANDA, we believe there are foundational elements for integrating AI risk management frameworks. We tailor our DARTS framework elements for each individual client, ensuring a bespoke and integrated system that is commensurate with the clients context, risks and objectives.
Our solutions are guided by international safety standards, guardrails and regulations including ISO/IEC 42001, NIST AI RMF, EU AI Act, Australian Voluntary AI Safety Standard and Hong Kong's Guidance on Ethical Development and Use of AI.
Data quality and governance should ensure clear data provenance and controls related to data security, privacy and confidentiality impacted by the adoption of AI.
Establish a strong foundation for Accountability by assigning clear roles and responsibilities across the AI lifecycle, including human intervention, training and AI related policies.
Augment existing or adopt new risk practices to ensure thorough AI risk assessments, impact analysis and the implementation of AI-specific mitigation strategies.
Ensure transparency and clear explanations to stakeholders on your use of AI, including the testing and monitoring of AI system performance.
Foster proactive stakeholder engagement by providing mechanisms for feedback and opportunities to raise concerns on your organisations AI use.
Managing risk is an enterprise-wide responsibility and therefore, AI governance needs to be incorporated into your Enterprise Risk Management (ERM) framework and existing management systems.
Our practical solutions only take shape after we have conducted a current-state assessment of your existing practices. This way, we can ensure that you are directing resources to the areas that matter the most. This also ensures we our optimising integration with your existing management processes and systems.
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