Security & compliance is seemingly one of the last domains to embrace artificial intelligence. For one, safeguarding company data from risks and threats is an insurmountable task that requires manual human interference, critical thinking, and logical discretion. And in an era where data privacy hacks and breaches are prevalent, relying on robots and automation seems too good to be true for traditional companies that are maintaining a stature of impenetrable security.
But as the digital era continues to progress, the volume of data that businesses accumulate daily is on the rise. With such a substantial amount of information and personal details at their disposal, it’s crucial for organizations to guarantee the security and protection of this data. Solely relying on tedious, manual labor by the workforce to accomplish security requirements is not only time-consuming but also fallible. With the help of AI, automating crucial processes like security questionnaire completion, records management, and industry governance protocols compliance will cut a huge chunk of an organization’s time and resources.
AI breakthroughs are significantly influencing various sectors of organizations. Increasingly, businesses are seeking to harness its capabilities to enhance the efficiency and effectiveness of their internal operations. These applications span from offering customized customer assistance to employing predictive data analytics and AI-driven automation. The present and future possibilities of AI appear to be boundless, and gradually, global domination across a multitude of industries and sectors will be imminent.
Leveraging tech breakthroughs like AI and Natural Language Processing (NLP) to empower security & compliance teams is science fiction until today. Leading this movement is Vendict, an Israel-based technology startup that harnesses the power of linguistic generative AI to be a business driver in the Governance, Risk, and Compliance (GRC) landscape. They help technology vendors fulfill their security requirements and simplify the adoption of new technology.
Overhauling Vendor Risk Management with Pioneering AI Security Expert
Founded 2 years ago, Vendict emerged with a steadfast commitment: to conquer the vexing challenge of Vendor Risk Management. Its visionary goal was to eliminate the burdensome task of vetting vendors, ushering in an era of ceaseless surveillance over an organization’s security landscape. With generative AI, Vendict aims to let data meet data, derive insights, and empower organizations to make informed and verified decisions.
Right from the outset, founders Udi Cohen, CEO, and Michael Keslassy, CTO, were aware that prevailing solutions placed an exclusive emphasis on streamlining workflows; however, they recognized that true experts are still needed. Consequently, a significant portion of an organization’s security compliance budget was invariably reserved for expert intervention.
Both were fully ahead of their time in recognizing the potential of NLP and generative AI before these advancements became standard industry buzzwords. By pioneering the world’s first AI that masters security language, Vendict empowers security and GRC teams to mitigate risks, conserve time, gain a competitive edge, and dramatically expedite sales cycles.
Their innovation combines the expertise of specialized security and vendor assessment with the transformative power of AI – in a nutshell, an AI Security Expert. By understanding textual content, the time required for security assessments is drastically reduced from weeks to mere hours. Regardless of the intricacy of compliance documents or the volume of information required, Vendict effortlessly navigates the procedure, providing the utmost precise responses through the finesse of context-aware AI technology.
The Future of Vendict’s Evolving Model
With every user interaction, the model’s intelligence evolves, leading to even greater time efficiencies. This iterative process of learning and adaptation contributes to a continuous enhancement of the model’s capabilities. As a result, Vendict’s AI Security Expert becomes progressively adept at comprehending nuances, discerning patterns, and swiftly generating insights. This evolving intelligence not only optimizes the accuracy of responses but also fosters a heightened level of efficiency, resulting in increasingly substantial time and cost savings.
