In an era where AI is rapidly transforming businesses across the globe, the need for trustworthy AI procurement has never been more critical. A new guide, “Securing reliable AI solutions: Strategies for trustworthy procurement,” co-authored by experts from OneTrust and the Responsible AI Institute (RAI Institute), offers invaluable insights into this complex landscape.
The Minds Behind the Guide
This comprehensive guide is the result of collaboration between industry leaders:
- Lauren Diethelm, AI Governance Content, OneTrust
- Bex Evans, Senior Product Marketing Manager, OneTrust
- Hadassah Drukarch, Director of Policy & Delivery, Responsible AI Institute
- Patrick McAndrew, Member Engagement & Community Manager, Responsible AI Institute
Key Highlights
The AI Adoption Imperative
The guide opens with a striking statistic: 97% of organizations are actively engaging with AI, with 74% already incorporating Generative AI technologies in production. As many organizations rely on third-party vendors to integrate AI systems into their operations,this widespread adoption underscores the urgency for establishing partnerships with a shared understanding of responsible AI and buildingtrust in these systems.
Challenges in AI Procurement
There are three primary challenges organizations face when procuring AI solutions:
- Developing organizational responsible AI capacity
- Navigating legal uncertainty in a rapidly evolving regulatory landscape
- Addressing transparency challenges in AI systems
A Roadmap for Trustworthy AI Procurement
The guide offers a comprehensive roadmap divided into three key areas:
- AI Strategy: Emphasizing the importance of defining clear business problems and assessing whether AI is the right solution.
- Selecting Trustworthy AI Vendors: Advocating for a holistic approach to third-party risk management (TPRM) and rigorous due diligence.
- Embedding AI Systems: Highlighting the importance of context, data governance, and transparency in AI implementation.
With predictions that over 80% of enterprises will have used or deployed AI by 2026, the guide stresses the growing opportunity cost of AI non-adoption. It provides actionable steps for organizations to navigate AI procurement responsibly, including conducting thorough vendor due diligence, implementing governance plans, and prioritizing transparency.
Conclusion
As AI continues to reshape the business landscape, this guide serves as an essential resource for organizations looking to harness its potential responsibly. By following the strategies outlined, businesses can confidently embrace AI while maintaining trust and accountability in their procurement processes.
Take The First Step
Ready to navigate the complexities of AI procurement with confidence?
Download the AI Procurement Guide
Elevate Your AI Procurement Strategy with Responsible AI Institute
The insights in this guide are just the beginning. Take your organization’s AI procurement to the next level by joining the Responsible AI Institute (RAI Institute) today.
As a member, you’ll gain:
- Exclusive access to AI conformity assessments
- Industry-leading benchmarks
- Certification programs aligned with global standards and emerging regulations
- Expert guidance on responsible AI adoption
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Nicole McCaffrey
Head of Strategy & Marketing, Responsible AI Institute
+1 (440) 785-3588
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