PWC UK Picks Ai Quality Leader TruEra To Collaborate On Ai Risk Management
TruEra, a leading provider of AI quality management solutions for testing, interpreting, debugging, and monitoring machine learning (ML) models, today announced that it has been selected by PwC to integrate AI risk management in the UK and Ireland.
Key elements of the collaboration include:
• Using TruEra’s software to validate AI/ML models (e.g., analyzing robustness and performance, explainability, and bias and fairness) as part of PWC’s AI risk methodologies
• Enabling PwC’s clients to adapt the PwC AI Risk methodologies through hands-on, iterative experimentation
• Providing PwC’s clients the option to operationalize their AI risk methodologies using TruEra’s software
“As companies make the transition from AI exploration to adoption at scale, managing the risks associated with this transition becomes increasingly important. PwC is ideally suited to support clients in this journey, with the breadth of perspectives brought by our diverse teams, skills and market-leading experience in AI risk management,”
“We believe that this collaboration with TruEra will result in the right combination of human expertise and tech to allow our clients to embed AI risk considerations as an integral part of their model lifecycle.”
Leigh Bates, Partner, Financial Services Technology and Data and Analytics Leader at PwC UK.
“Model quality and governance are vexing issues for any company leveraging AI,”
“Automated testing and monitoring are essential for ensuring that models are high performing and functioning as intended, and that bias is minimised and adequately managed, even when market conditions change. We’re incredibly excited to be collaborating with PwC to help clients navigate the AI quality challenge.”
Shameek Kundu, Chief Strategy Officer of TruEra.
PwC UK provides professional services including auditing, tax and legal advice, trading and risk advisory and consulting in the UK, the Middle East and the Channel Islands. PwC AI experts assist clients in the areas of natural language processing, machine learning, deep learning, data engineering, automated ML, digital twin, representational AI, responsible AI, etc. PwC helps clients align their AI strategies with their business strategies, build enterprise-wide AI capabilities, and establish appropriate governance for security and risk reduction.
TruEra has been selected as the preferred supplier by several Fortune 1000 companies. In March 2022, the company was named to Fast Company’s World Change Ideas list for the second year in a row. In June 2021, TruEra was analyzed by Gartner, Inc. honored as a “Great Vendor” in the “Excellent Provider in Responsible AI and AI Governance” report. Members of the firm have also served on the AI risk advisory board for the Bank of England and the Monetary Authority of Singapore, among other government agencies.