AI Essentials & Vendor Risk Management

AI Essentials & Vendor Risk Management

Uncharted Territory and Risk Considerations

AI is moving faster than the speed of thought and keeping up with this dynamically evolving game-changing technology can be difficult at best. AI provides huge benefits if we understand how and when to leverage it and how to vet our vendors. There are a multitude of definitions to understand as well as risks and business benefits. Knowing which questions to ask your vendors is as challenging as understanding their responses. And by the way, not everything that claims to be AI really is AI. The pressure from Senior Executives and Board members who want to jump into AI out of Fear of Missing Out (FOMO) creates additional pressure to move forward before we know what we don’t know, resulting in a plethora of exposures on multiple levels.

Web-based, self-paced eLearning course.

Course: 4 chapters, each with exam (80% to pass)

Time Required: Approximately 6 hours

CPE Eligible: 7 CPE credits (based on 1 credit per 50 minutes)

Cost: $499.00 per person (introductory pricing)

Course Materials: Companion Documents, AI Due Diligence Question Set

Post-course:

• AI & Vendor Risk Management (AIVRM) Certificate
• 1 year free telephone/email support

COURSE GOALS

Knowledgebase: Build your AI vocabulary, knowledgebase and skillsets, and impart the confidence you need to have well-informed meaningful AI discussions with your team, management, and your vendors before you take the AI plunge.

Benefits and Risks: Understand the advantages of implementing AI but also be aware of the multiple dimensions of risk the technology presents. Is there Transparency, Accountability, and Explainability?

Vendor Management: Develop the knowledge required to augment your current vendor management program and build a vetting process for AI technologies and the vendors that provide them or provide solutions that utilize those technologies.

AGENDA

Chapter 1 – Artificial Intelligence: this chapter discusses the following:

• What AI Is and, just as important, What It Is Not
• AI Types
• AI Models Defined
• AI Technologies
• Machine Learning Models
• Use cases
• Benefits and Risks of Artificial Intelligence

Chapter 2 – AI & My Vendors: this chapters provides questions to ask to determine if the solution you’re investigating is really AI. It continues with:

• Due Diligence questions
• Contract issues to consider
• Benefits & Risks
• Performance and Scalability issues
• Hidden Costs

Chapter 3 – AI Agents and Agentic AI: Agentic AI is a true game-changer that is affecting life as we know it. This chapter covers:

• Definitions
• Examples and Comparisons
• Agentic AI Architecture
• Benefits and risks of AI Agents and Agentic AI

Chapter 4 – Governance: Where would we be without Governance? Without tone from the top, it’s difficult for any program to succeed. This chapter covers:

• Governance Defined
• AI Governance Components and Principles
• AI Model Governance Components and Principles
• AI Policy Components