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What is ValidMind?

ValidMind emerges as the leading choice for organizations aiming to enhance the automation of testing, documentation, and risk management related to AI and statistical models. This all-encompassing platform provides an array of tools that support data scientists, corporations, and professionals in risk or compliance roles, helping them identify and document potential risks associated with their AI models while ensuring compliance with regulatory requirements. With its cohesive features, ValidMind streamlines the assessment of risk factors across various teams' models, enabling organizations to effectively focus on compliance and risk management initiatives. Additionally, ValidMind enhances collaboration by dismantling information silos, thus minimizing the challenges of sharing and collaborating on model documentation, validation reports, and risk evaluations throughout the model's lifecycle. By utilizing ValidMind, organizations can cultivate a culture characterized by transparency and accountability in their AI operations, ultimately leading to more informed decision-making and improved outcomes. This not only benefits the organization but also instills confidence in stakeholders regarding the integrity of AI practices.

What is EY Trusted AI Platform?

The EY Trusted AI Platform provides organizations with critical insights into the sources and elements that contribute to risk, while also aiding AI design teams in the evaluation and quantification of these risks. By employing interactive, web-based tools for schematics and assessments, the platform creates an in-depth risk profile for any AI system. It utilizes an advanced analytical model that converts user input into a composite score, reflecting the technical risk, impact on stakeholders, and the effectiveness of controls surrounding the AI system. In assessing technical risk, the platform scrutinizes the AI system's design, considering various risk drivers such as the technologies involved, the operational context, and the autonomy level of the system. Furthermore, when evaluating stakeholder risk, it takes into account the objectives set for the AI, alongside the financial, emotional, and physical impacts on both internal and external users, as well as potential reputational, regulatory, and legal issues that may emerge. This thorough methodology not only ensures that every aspect of risk is examined but also facilitates informed decision-making for organizations navigating AI implementation challenges. Consequently, the platform stands as a pivotal resource in enhancing the overall safety and efficacy of AI solutions.

Media

Media

Integrations Supported

Amazon Web Services (AWS)
SingleStore

Integrations Supported

Amazon Web Services (AWS)
SingleStore

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

ValidMind

Date Founded

2022

Company Location

United States

Company Website

validmind.com

Company Facts

Organization Name

EY

Company Location

United Kingdom

Company Website

www.ey.com/en_us/consulting/trusted-ai-platform

Categories and Features

Artificial Intelligence

Chatbot
For Healthcare
For Sales
For eCommerce
Image Recognition
Machine Learning
Multi-Language
Natural Language Processing
Predictive Analytics
Process/Workflow Automation
Rules-Based Automation
Virtual Personal Assistant (VPA)

Risk Management

Alerts/Notifications
Auditing
Business Process Control
Compliance Management
Corrective Actions (CAPA)
Dashboard
Exceptions Management
IT Risk Management
Internal Controls Management
Legal Risk Management
Mobile Access
Operational Risk Management
Predictive Analytics
Reputation Risk Management
Response Management
Risk Assessment

Categories and Features

Risk Management

Alerts/Notifications
Auditing
Business Process Control
Compliance Management
Corrective Actions (CAPA)
Dashboard
Exceptions Management
IT Risk Management
Internal Controls Management
Legal Risk Management
Mobile Access
Operational Risk Management
Predictive Analytics
Reputation Risk Management
Response Management
Risk Assessment

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