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Relyance AI’s new data tracking tool paves the way for greater AI accountability and explainability
- Relyance AI Inc. introduces Data Journeys, a platform focused on data tracking across an organization's systems to enhance AI accountability and explainability.
- Data Journeys tracks the data flow from its origin to destination, as well as its use by various applications and services within the organization.
- Relyance AI received $32 million in Series B funding last October and is known for its governance platform providing visibility into enterprise-wide data and controls for data protection.
- By scanning all data sources, Data Journeys ensures compliance with company policies and regulations to maintain data integrity.
- The platform offers a more comprehensive view than traditional data lineage tools by tracking data movements across different systems, applications, and AI models.
- Enterprises face pressure from regulators, with AI regulation highlighted as a risk by over 25% of Fortune 500 firms, necessitating enhanced visibility into data processes.
- Data Journeys is particularly beneficial for regulated industries like healthcare, with potential to revolutionize AI development and governance frameworks.
- The platform addresses major impediments to enterprise AI adoption, including risk management, bias detection, explainability, and regulatory compliance.
- Enhanced explainability provided by Data Journeys is crucial for AI decision-making in sensitive areas like loan approvals and medical diagnoses.
- Relyance AI aims to build a unified AI-native platform for data governance and compliance, with Data Journeys playing a critical role in ensuring trust and accountability in AI systems.
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