Diligent unveils AI tool to streamline risk management for firms
AI Risk Essentials is designed to streamline the initiation and development of an enterprise risk management (ERM) programme. According to Diligent, the new solution can be deployed in under a week, providing governance, risk, and compliance (GRC) professionals with tools to rapidly prepare for board discussions, evaluate risks, conduct assessments, establish mitigation strategies, and monitor risk management activities.
The AI-powered tool leverages benchmarking risk data extracted from over 120,000 SEC 10-K filings, offering organisations access to a wide dataset for comparing and evaluating their risk positions. This enables users to benchmark against peers, identify blind spots, and expedite the construction of their risk registries.
The introduction of AI Risk Essentials follows Diligent's previous AI-focused initiatives, such as the GovernAI suite within the Diligent One Platform. Both products aim to facilitate governance and risk processes for boards, executives, and legal professionals, with an emphasis on maintaining security and responsible application of AI technologies.
Market research cited by Diligent indicates that more than 77% of directors report receiving regular board-level discussions regarding new risks and their implications. The demand for improved benchmarking data and risk management solutions is growing as regulatory and environmental changes introduce new challenges.
Michael Rasmussen, GRC Analyst, Influencer & Pundit at GRC 20/20, commented on the potential impact of AI-driven risk tools on organisational resilience. "Leveraging advanced AI-driven solutions like Diligent AI Risk Essentials enables organisations not only to quickly identify and assess these uncertainties but also to strategically benchmark their risks against industry standards. Integrating these insights into decision-making empowers leaders to proactively mitigate risk, align their ERM programs with strategic objectives, and ultimately drive resilience and agility in achieving their organisational goals," Rasmussen said.
Diligent highlights the continued reliance on manual risk tracking methods, such as spreadsheets, within many organisations; only 32% describe their risk oversight as mature or robust. AI Risk Essentials is intended to address these gaps and, in combination with other features of the Diligent One Platform, delivers a range of functionalities, including AI-driven risk identification, benchmarking suggestions based on SEC 10-K data, and tools for collaborative risk assessment with stakeholders.
The solution offers capabilities such as streamlined risk assessments, where teams can collaborate to evaluate the potential impact and likelihood of strategic risks. Risk mitigation plans are consolidated in a single, easily accessible environment to improve accountability and visibility. Users are provided with an interactive risk heatmap to visualise the severity of risks, guiding the prioritisation of their risk management initiatives.
Additionally, AI Risk Essentials grants access to Diligent's Education and Templates Library. This repository includes a variety of resources for board members, executives, and legal professionals, as well as a newly launched ERM Certification, supporting best practices for risk maturity and the development of organisational risk literacy.
Scott Bridgen, General Manager, Risk & Audit at Diligent, commented on the evolving risk landscape and the need for AI-driven tools. "The volume and complexity of risk management have increased exponentially in the last five years, but most organisations are hampered by varying levels of risk maturity, resourcing and inadequate tools," Bridgen stated. "Now, by leveraging AI-powered insights and benchmarking capabilities, organisations of any size can quickly identify, assess and mitigate risks. Governance and risk professionals can effectively jumpstart or enhance an enterprise risk management program in time for their next board meeting."
AI Risk Essentials is positioned as part of Diligent's broader three-tier ERM suite, which has been recognised by analysts including Forrester, Gartner, and IDC. The ERM suite comprises a range of scalable solutions to support clients as their risk management practices mature and they require advanced functionality.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
RNZ News
2 days ago
- RNZ News
Samsung is looking into more AI devices - potentially including earrings and necklaces
By Lisa Eadicicco , CNN A man tries on smart glasses capable of real-time translation. Photo: Lian Yi / Xinhua via AFP Samsung is looking into new wearable devices, potentially including earrings and necklaces, amid an industry-wide push to develop new types of AI-powered consumer electronics. AI could enable a new wave of devices that allow users to communicate and get things done more quickly without having to take out a phone, Won-joon Choi, chief operating officer for Samsung's mobile experience division, told CNN this week. For Samsung, these types of new devices could be something you wear around your neck, dangle from your ears or slip on your finger . "We believe it should be wearable, something that you shouldn't carry, (that) you don't need to carry," he said. "So it could be something that you wear, glasses, earrings, watches, rings and sometimes (a) necklace." Choi's comments underscore the opportunity tech giants see to develop new hardware products around AI, a technology that some say is expected to be as impactful as the internet itself. AI services like OpenAI's ChatGPT and Google's Gemini have moved beyond basic text prompts and are getting better at handling complex tasks. That's led tech giants to look into devices that require less manual input than smartphones, which largely require typing and swiping on screens. That search is already in full swing, starting with smart glasses. Meta has touted its AI-powered Ray-Ban smart glasses, of which 2 million have been sold since 2023, as a success. The Facebook parent also recently acquired a minority stake in Ray-Ban parent company EssilorLuxottica, according to Bloomberg, further indicating the company's interest in AI-powered wearable gadgets. Samsung, Google and Snap are also developing smart glasses, while OpenAI and ex-Apple designer Jony Ive are collaborating on a mysterious new AI device for next year. When CNN asked Choi whether Samsung is actively looking into developing earrings or other smart jewelry, like a pendant or bracelet, Choi said the company is "looking at all kinds of possibilities". "What do you wear? Glasses, earrings… necklaces, watches and rings, something like those," he said. However, that doesn't mean those possibilities will become products. Samsung and other tech companies routinely develop prototypes and evaluate new technologies internally without bringing them to market. Some tech startups have already unsuccessfully tried to develop new AI gadgets to replace smartphones at certain tasks. The Humane AI Pin, created by a pair of Apple veterans, flopped because of its high price and buggy performance. The company shut down the product and sold parts of itself to computing giant HP in February. Another device called the Rabbit R1 also launched to a lackluster reception last year, although it's undergone significant updates since then. And a startup called Friend created an AI necklace that's meant to be a digital companion, although its launch has been delayed until the third quarter of this year. Samsung's approach, unlike some of these options, will involve a device that's a companion to your phone rather than a standalone product, similar to the company's smartwatches, according to Choi. And the company's upcoming smart glasses, which it hasn't revealed many details about yet, could be just the start. "We are actively working on glasses, but some people do not want to wear glasses because they change their look," he said. "So we are also exploring other types of devices." - CNN
RNZ News
2 days ago
- RNZ News
Clear laws needed as AI usage in health increases
A digtal health expert says Aotearoa needs clear laws on the use of artifical intelligence, including what information and data can be fed into model, and whats off limits, as AI is increasingly used in health and other areas. Associate Minister of Health, David Seymour has written to Pharmac encouraging them to use Articficial Intelligence to speed up their processes and improve access to medicines. Medsafe and Pharmac say they've started using Artificial intelligence tools to process complex information and large data sets. AUT Associate Professor and expert in digital health Sam Madanian spoke to Lisa Owen. To embed this content on your own webpage, cut and paste the following: See terms of use.
Techday NZ
2 days ago
- Techday NZ
AI and cloud growth demands smarter security for SMBs
Cloud and AI are accelerating business transformation across the Asia Pacific, offering new ways for SMBs to scale, innovate and stay competitive. But growth brings complexity, and right now many businesses are flying blind when it comes to securing what they're building. The power of AI is undisputable, from automation to sharper customer insights, AI has become foundational to business strategy. According to Forrester's report 'The Future of Operations', commissioned by Crayon in early 2025, 61% of APAC SMBs plan to implement or expand AI within the next two years. Those already investing are seeing results: they're 20% more likely to report revenue growth of 15% or more. But with this opportunity comes pressure. The same technologies enabling growth are also exposing critical infrastructure, data, and processes to risk. Security and privacy are now the top IT priority for 76% of SMBs, and 74% cite compliance as a key driver of AI investment. While AI is undoubtably fueling innovation and market expansion, the flip side is a sharp increase in cybersecurity challenges that businesses can't afford to ignore. A gap between strategy and security AI has also become a key force in enhancing cybersecurity measures across APAC, particularly in areas like threat detection and response. But while benefits are clear, many businesses, especially SMBs, are struggling to put the right guardrails in place. The challenge is clear: many SMBs are ambitious, but not always equipped. Nearly half face difficulties preparing data for AI workloads, and over 40% report persistent performance issues - including managing computing, storage, and networking infrastructure. The result? Slower progress, rising costs, and widening exposure. These aren't just technical gaps. They reflect a strategic misalignment between innovation and readiness. And too often, organisations are still relying on outdated systems and fragmented security frameworks while adopting cutting-edge technologies. As AI becomes embedded into every layer of business, cyber risks become systemic. Alert fatigue, false positives, and blind trust in black-box AI systems all chip away at resilience. And when systems fail, the cost isn't just financial, it's reputational, operational, and regulatory. Securing smart growth The truth is too many businesses are still navigating these changes without the clarity or confidence they need. Security can't be an afterthought. It must be lifecycle-led, integrated into every stage of cloud and AI adoption, with an honest conversation at the start. What are the vulnerabilities across your data, identities, applications and devices? Where do you need visibility? What does risk actually look like for your business model? Then comes a risk-informed plan that aligns with local regulations, embeds trust in every decision, and adapts as threats evolve. Workforces are hybrid, infrastructures are distributed, and data lives everywhere. That's why today's security models need to take on a 'Zero Trust' approach assuming nothing and verifying everything. APAC, where stakes are high In a region like the Asia Pacific, where cybersecurity regulations are tightening fast – such as the upcoming Cyber Security Act and Malaysia and progressive legislature in Singapore - aligning AI adoption with national standards is essential. Businesses that build security into their AI roadmap from the start are the ones best positioned to scale safely and competitively. The promise of AI and cloud growth is immense, but so are the stakes. For SMBs, success means walking the line between innovation and risk with a clear strategy and the right partners. With the right mindset, models, and partner support, businesses can harness the power of AI - securely, sustainably, and competitively.
