Due Diligence and Ongoing Monitoring

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  • 1.  Artificial Intelligence

    This message was posted by a user wishing to remain anonymous
    Posted 05-18-2023 01:36 PM
    This message was posted by a user wishing to remain anonymous

    Hello. We just recently receive requests to onboard Artificial Intelligence solutions to integrate with our workflows. 
    Wondering if anybody here has assessed these type of solutions and what IT Security/ Compliance questions and documents you asked the vendors as part of your due diligence?
    I am looking forward to get some advice. 
    Thank you. 



  • 2.  RE: Artificial Intelligence

    This message was posted by a user wishing to remain anonymous
    Posted 05-18-2023 07:48 PM
    This message was posted by a user wishing to remain anonymous

    We are also experiencing vendors that are are starting to utilize or incorporate some form of A/I functionality so I'm curious as well if anyone has any recommendation.
    One method we are trying out is creating custom questions specifically pertaining to how a vendor utilizes A/I and what measures, if any, they have in place for risk mitigation. We don't have a lot of luck since most vendors probably don't have a policy written out for A/I, at least from our experience. Thanks!




  • 3.  RE: Artificial Intelligence

    Posted 05-22-2023 05:04 PM

    Would definitely like more information around what Venminder is seeing as it relates to AI and onboarding due diligence and contract language.




  • 4.  RE: Artificial Intelligence

    Posted 05-22-2023 05:17 PM

    Hi Charity,
    Venminder is currently working on developing educational content around this topic. As more information becomes available, I'll be sure to share that in this thread. Stay tuned!

    Thank you,

    Brittany Padgett
    Community Manager




  • 5.  RE: Artificial Intelligence

    Posted 05-23-2023 09:05 AM

    Thank you!!

     

    Charity Kittrell
    Director, Vendor Management