TruEra, a provider of AI quality management solutions to test, debug, explain, and monitor machine learning models, announced that it was selected by Big Four consulting firm PwC to collaborate on AI risk management efforts being conducted in the U.K. and Ireland.
The collaboration will include key elements such as using TruEra’s software to validate AI/ML models for robustness, performance, explainability, and bias and fairness as part of PwC’s AI risk methodologies. This provides PwC’s clients the option to operationalize their AI risk methodologies using their software, enabling them to adapt the PwC AI risk methodologies using hands-on, iterative experimentation.
“As companies make the transition from AI exploration to adoption at scale, managing the risks associated with this transition becomes increasingly important. PwC is ideally suited to support clients in this journey, with the breadth of perspectives brought by our diverse teams, skills and market leading experience in AI risk management,” said Leigh Bates, Partner, Financial Services Technology and Data and Analytics Leader at PwC U.K. “We believe that this collaboration with TruEra will result in the right combination of human expertise and tech to allow our clients to embed AI risk considerations as an integral part of their model lifecycle.”
With model quality and governance serving as top challenges to any company integrating AI and ML into its operations, automated testing and monitoring have become essential tools for confirming that models are functioning as intended while managing and minimizing bias. PwC’s AI risk management helps clients establish appropriate governance for security and risk mitigation in their use of AI/ML, making TruEra’s tools a crucial component of a successful program.
TruEra is a first provider of AI quality management solutions and has been selected as the preferred vendor by multiple Fortune 1000 companies. Its efforts have gained it recognition and respect: in 2022, it was named to the Fast Company World Changing Ideas list for the second year running, and in 2021 the company was named a “Cool Vendor” by Gartner, Inc’s expert analysis in the report “Cool Vendors in AI Governance and Responsible AI.” TruEra’s members have also served on AI risk advisory boards for government agencies such as the Bank of England and the Monetary Authority of Singapore, among others.