LogicGate, the holistic GRC experts delivering leading solutions for cyber, governance, risk, and compliance leaders, has officially announced the launch of two new features for its Spark AI lineup in AI Text Assistant and Record Linking Recommendations (RLR).
According to certain reports, both the features are seemingly purpose-built to elevate the Risk Cloud experience, offering time-saving technologies and amplifying individual, as well as team impact on GRC program value and overall business impact.
To understand the significance of such a development, we must take into account how risk and compliance teams functioning in today’s ever-evolving environment often have to struggle against challenges like resource constraints, audit fatigue, complex data relationships, and cross-department silos etc. Fortunately enough, the pair of solutions in question addresses these very challenges.
Taking a deeper view of the ways in which they will do that, we begin from LogicGate’s Record Linking Recommendations (RLR) that leverage Spark AI to provide users with holistic recommendations for connections between any risk, control, incident, policy, or other object across the platform.
More on the same would reveal how the solution replaces manual work, historically required to manage GRC data connections, with AI-automated and generated insights to help team save on a substantial amount of time when performing control readiness assessments or performing gap analysis. By doing so, the solution effectively streamlines the process of identifying control mapping and reduces both complexity and labor.
“GRC practitioners have moved beyond mere curiosity about AI and now expect tangible results in productivity, time savings, insights, and bottom-line impact. That’s why we developed the Spark AI suite within Risk Cloud — to provide efficiencies and handle the heavy lifting for our customers, allowing them to focus on what truly matters,” said Jon Siegler, Chief Product Officer at LogicGate. “When used responsibly, AI is transformative. Our platform not only realizes this potential but delivers measurable results by embedding AI throughout our customers’ critical GRC workflows.”
Next up, we must acknowledge the fact that Spark AI’s RLR goes beyond control-to-control mappings, and at the same time, enables holistic integration of records across workflows and applications. The idea here is to create an ecosystem where risks are closely linked to controls, controls to policies, risks to issues, and any other connected modules available across a user’s Risk Cloud GRC program. Hence, whenever users ask Spark AI to suggest controls to mitigate a risk record or identify policies that serve as evidence for a control or any other recommended connection, the technology is able to generate visibility into multi-faceted risks, reveal redundant controls or duplicative work, as well as prioritize mitigations.
Turning our attention towards LogicGate’s all-new AI Text Assistant, who natively provides guidance and recommendations for writing effective control test plans, risk remediation, policy statements, issues, emails drafts, and more. This means Risk Cloud users can leverage this time-saving tool in numerous ways; including asking AI Text Assistant for help generate predictive strategies when anticipating possible disruptions.
Moving on, users can bank upon the technology to produce step-by-step form instructions for risk assessment. Markedly enough, initial output can be further refined using pre-built functions to optimize clarity.
Finally, our last piece of highlight comes from the prospect of utilizing AI Text Assistant for suggested email copy to ensure all pertinent information is clearly communicated. Such a setup, matter the user wants to draft copy or build email notification templates, empowers Spark AI to help users communicate with teams, stakeholders, or even the entire organization.
Founded in 2015, LogicGate’s rise up the ranks stems from guiding customers in managing and scaling their cyber risk and control, third-party risk management, compliance controls, enterprise risk, and operational resilience programs. The company’s excellence in what it does can also be understood once you take into account how, so far, it has already been recognized as one of four leading global GRC platforms.