AI Inventory & Risk Assessments
Manage Your AI Risk All in One Place
Track AI adoption across your organization.
Identify and manage risks across your portfolio.
Ensure your AI is doing what it’s supposed to do.
Simplify AI Governance: Request a Demo Now
Gain full visibility of your AI systems and proactively address risks.
Simplify AI Governance: Request a Demo Now
Gain full visibility of your AI systems and proactively address risks.
Centralized AI Inventory
Complete visibility across all AI activities
Never lose track of where AI is being used across your organization, from AI proposals through model development and deployment
Pre-populated and simplified workflow
Accelerate your AI inventorying process with pre-populated common use cases
Monitor, assign, and track responsibilities
Assign responsibility for AI development, approval, and ongoing monitoring through configurable workflows
Intelligent Risk Assessments
Automatic risk assessments
Easily integrate risk assessments into your governance workflows, with automatic updates, compliance checks, and alerts
Proactive risk identification
Use FairNow’s automated risk recommendation tool to surface the risk factors and mitigation strategies that are most important for each of your AI applications
Ongoing risk monitoring
Receive real-time alerts on the platform when your AI’s risk levels change, or when a new AI law or regulation could apply to your existing tech
Automated Transparency Documents
Automatically populate AI documents
Automatically generate documentation for every application in your AI inventory, including transparency documents, model cards, and bias reports
Aligned with industry best practices
Use FairNow’s built-in templates to meet requirements for major AI laws and standards such as the EU AI Act, Colorado SB 205, NIST AI RMF, and ISO 42001
Ready to share
Easily share updates with internal stakeholders, customers, and auditors, highlighting any changes to your applications
Request A Free Demo
See how we can help you simplify & centralize AI risk management.
AI Inventory & Risk Assessment FAQs
What are the benefits of having an AI inventory?
An AI inventory is crucial for effective AI governance. It is the first step in identifying AI-related risks, it creates accountability, and it helps teams prioritize AI governance efforts based on risk.
How does FairNow make AI model inventorying easier?
Inventorying doesn’t have to be painful. Our software speeds up the process by pre-populating common use cases, recommending risk levels, and notifying those with accountability automatically.
Do I need to inventory my AI models?
It is highly recommended, especially within medium to large organizations.
Lacking visibility into when and where AI is used exposes companies to legal, financial, reputational, and operational risks.
Why do organizations need to do risk assessments on their AI models?
Organizations will be held liable for the actions and decisions of their AI models, especially in instances of “safety-impacting” and “rights-impacting AI.”
To build and maintain trust with their customers, organizations must conduct thorough risk assessments on their AI models, ensuring compliance, fairness, and security.
Risk assessments also ensure organizations know where to prioritize their AI governance efforts, beginning with high risk models and use cases.
Why do organizations invest in AI risk assessment tools?
Organizations invest in AI risk assessment tools to proactively identify and mitigate potential risks such as biases, security vulnerabilities, and compliance challenges.
This proactive approach ensures their AI remains compliant, transparent, and effectively governed, reducing AI-related risks across the organization.
How do you conduct AI risk assessments?
FairNow’s comprehensive framework assesses AI systems against a backdrop of active AI legislation, considering the model’s use case and location to pinpoint compliance and risk management needs.
Which companies provide AI risk assessments?
FairNow’s platform provides comprehensive AI risk assessments, helping organizations identify, evaluate, and mitigate risks.