FairNow

Background

In an era characterized by the digital revolution, the deployment and management of Artificial Intelligence (AI) systems are more crucial than ever. However, with the rise of AI’s capabilities, there is an equal demand for strict oversight. Rising to this occasion is FairNow, developed in collaboration with its software development partner, Apoddo. Together, they’ve successfully crafted an AI governance platform that masterfully balances dynamic AI functionalities with robust governance models.

Challenge

Across the globe, organizations are wrestling with the multifaceted intricacies of AI. Ensuring that AI models are unbiased, keeping up with fluctuating compliance requirements, and managing the overall evolution of AI technologies are daunting tasks. Organizations need an efficient, streamlined solution that can juggle these challenges while scaling with their growth.

Solution

• Unified AI Governance Platform: FairNow offers an unparalleled AI governance solution, addressing regulatory requirements like NYC LL-144 while ensuring that algorithms and processes are just, effective, and transparent.
• Inventory and Compliance Management: Centralizing the tracking of all AI processes and models, FairNow notifies companies about relevant regulations, their applicability, and the compliance status of each tool.
• Real-Time Compliance Updates: FairNow automates the process of keeping up with fairness laws and regulations, ensuring businesses remain compliant across all operational jurisdictions.
• End-to-End Monitoring: FairNow’s comprehensive monitoring dashboard offers organizations insights from talent sourcing to post-hire talent management. This feature keeps companies informed on metrics like hire quality, fairness compliance, and more.
• Seamless Integration: FairNow’s flexible platform smoothly connects with major systems like Workday, Oracle Taleo, and SAP Success Factors. Whether companies use their data ecosystem or FairNow’s cloud-based model, they benefit from refined insights and benchmarking capabilities.
• Data Protection: FairNow’s stringent data protection measures ensure the highest levels of data security, confidentiality, and compliance.

Benefits

• Centralized AI Risk Management: FairNow offers a singular hub for AI risk management, ensuring that AI deployments remain within ethical, legal, and operational boundaries.
• Proactive Compliance Adherence: FairNow provides automatic AI model monitoring, ensuring businesses are always ready for audits and regulatory checks.
• Ethical AI Decisions: The AI governance software emphasizes ethical guidelines and actively prevents AI-induced biases, promoting trust amongst stakeholders and ensuring responsible AI usage.