Riskonnect, a leader in integrated risk management (IRM) solutions, announced the launch of its AI Governance solution on June 26, 2025, designed to enable organizations to responsibly manage AI risks while fostering innovation. Integrated into Riskonnect’s Governance, Risk & Compliance (GRC) platform, the solution addresses compliance, ethics, and transparency in AI adoption across risk, legal, IT, and business functions.
Launch Date: June 26, 2025, via Business Wire.
Solution: AI Governance, integrated into Riskonnect’s GRC platform.
Key Features: Compliance with EU AI Act, GDPR, ISO 42001, NIST AI RMF; automated audits; bias and risk monitoring.
Impact: Reduces compliance effort by 40% and detects 95% of AI biases early, per Riskonnect metrics.
Market Context: $12B AI governance market in 2024, projected to reach $36B by 2034 (CAGR 12%).
Recognition: Named Integrator in Wheelhouse Advisors’ 2025 IRM Navigator™ for TRM.
Riskonnect’s AI Governance solution empowers organizations to balance innovation with oversight:
Regulatory Compliance: Preloaded frameworks for EU AI Act, GDPR, ISO 42001, and NIST AI RMF, ensuring readiness for August 2025 compliance deadlines.
Customizable Policies: Tailors governance to industry-specific risks and organizational needs.
Automated Audits: Maintains audit-ready records, reducing compliance effort by 40%.
Risk Monitoring: Detects 95% of AI biases, model drift, and anomalies early, per internal data.
Usage Tracking: Prebuilt approval workflows promote responsible AI adoption across departments.
“AI has the power to unlock extraordinary value, but only if it’s governed with intention and integrity,” said Kathryn Carlson, Chief Product Officer at Riskonnect. The solution breaks down silos, enabling collaborative AI governance across functions, aligning with 78% of companies prioritizing AI adoption.
The $12B AI governance market is driven by rising regulatory demands and data ethics concerns, projected to grow to $36B by 2034. Riskonnect’s solution, integrated with its IRM suite used by 2,000+ organizations, positions it against competitors like IBM’s watsonx.governance and BigID’s AI risk tools. Its recognition as an Integrator in Wheelhouse Advisors’ 2025 IRM Navigator™ highlights its robust integration and customer satisfaction. Posts on X emphasize the solution’s timely launch amid EU AI Act deadlines, though some note challenges in non-technical team adoption.
By embedding AI governance into its GRC platform, Riskonnect enables organizations to navigate the $44.55B risk analytics market’s 12.7% CAGR, ensuring scalable, ethical AI use that aligns with strategic business goals.
Riskonnect is the leading integrated risk management software solution provider. Our technology empowers organizations with the ability to anticipate, manage, and respond in real time to strategic and operational risks across the extended enterprise.
More than 2,700 customers across six continents partner with Riskonnect to gain previously unattainable insights that deliver better business outcomes. Riskonnect has more than 1,500 risk management experts in the Americas, Europe, and Asia-Pacific.
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