Domino debuts fully configurable, centralized, end-to-end AI governance
Domino Data Lab, provider of the leading Enterprise AI Platform trusted by the largest AI-driven companies, is unveiling Domino Governance, a solution designed to embed AI governance within data science workflows throughout the full lifecycle. As AI initiatives continue to increase in complexity, Domino Governance serves to effectively mitigate risks while driving positive business outcomes.
Even though AI is in a constant state of evolution, organizations are left with bespoke, cumbersome processes of AI governance that impede success. These add-on governance initiatives not only stall and complicate progress, but they may also take as long as months to a year to achieve compliance with a single regulation, according to Domino. During this time of governance limbo, enterprises are left exposed to a plethora of risks.
“Put simply, the difference between enterprise AI initiatives using Domino Governance—and AI governance more generally—and those without could be fines of $38M or more for non-compliance with the EU AI Act, additional penalties, lost reputation or revenue, and perhaps most crippling, the loss of ability to put market-changing AI into place before competitors,” said Ahmet Gyger, senior director, product management at Domino.
“Those who have governance, but not Domino Governance, often face fragmented, manual processes that introduce delays and risk when validating AI models, with some taking twice as long to validate as they do to build. Compliance with regulations can also take months, increasing the lifecycle of AI projects,” Gyger continued.
Domino Governance automatically orchestrates the fully governed model lifecycle, enabling enterprises to maintain the speed of innovation without sacrificing on compliance, according to the company. AI and compliance teams, as well as stakeholders, can view policies, status of compliance, and open actions across all projects and models, offering complete visibility through a cross-platform dashboard. By centralizing policies, evidence, and approvals in a single place, organizations benefit from shortened time-to-value and improved risk mitigation.
“With Domino Governance, stakeholders can easily audit and approve data science work as it happens. Once policies are established, it automatically enforces them in the same environment where models are developed,” said Gyger. “The platform intelligently engages stakeholders, asking targeted questions at the right moments, automatically capturing compliance evidence, and facilitating approvals across the entire spectrum of AI applications.”
“This method of streamlining evidence collection and allowing reviewers to assess data and examine evidence without disrupting production workflows enhances both the speed and consistency of governance, shortening the time-to-value and improving risk mitigation,” Gyger added.
Additionally, Domino Governance gives enterprises complete control with fully configurable policy management, rivaling traditional black-box compliance solutions that require mandatory professional services. This helps to shorten the time it takes for compliance with new policies—from months to weeks—while empowering teams to adopt new technologies at any time, according to Domino.
Policies can be easily designed from scratch or through customizable templates based on existing frameworks such as the EU AI Act and the National Institute of Standards and Technology’s AI Risk Management Framework. With an API-led integration, Domino Governance allows teams to connect to other risk-related platforms to further improve governance strategies.
“Domino Governance empowers enterprises to navigate complex compliance environments with confidence. Companies shouldn't have to choose between the speed of innovation and compliance, and with Domino Governance, they don’t have to,” said Gyger. “Domino customers—whether they are developing life-saving therapies, ensuring the security of our financial systems, or protecting our nation—can [be] rest assured that they are innovating quickly [and] reducing frustration while maintaining safety and responsibility.”
To learn more about Domino Governance, please visit https://domino.ai/.