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Average Ratings 0 Ratings

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ease
features
design
support

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Write a Review

Description

Despite the advancements in AI technology, it remains flawed, prompting us to utilize our automated verification tools to evaluate AI models for safety and reliability while providing a warranty to ensure their efficacy. This allows vendors to market their AI solutions with greater assurance, and gives buyers the confidence that they can recover their investment should their AI model underperform. Armilla, our dedicated AI assessment and auditing service, fosters trust based on solid evidence in your AI solutions. Additionally, we safeguard against risks posed by third-party AI through our systematic model risk evaluations and thorough vendor assessments. As pioneers in AI and machine learning model auditing, we leverage state-of-the-art technology and automated testing methods to guarantee the dependability and security of your models, which ultimately enhances the accuracy of the underwriting process for our AI warranty. Whether you are a business owner or a consumer, it is natural to have reservations about the AI solutions available to you; thus, we are committed to addressing these concerns with transparent and rigorous evaluations. By prioritizing trust and safety, we aim to reshape the landscape of AI deployment and adoption.

Description

ModelRisk is an Excel add-in designed for Monte Carlo simulations, enabling users to incorporate uncertainty into their spreadsheet models. Since its inception in 2009, ModelRisk has set the standard for innovation in the industry, pioneering numerous technical features related to Monte Carlo methods that simplify the construction, auditing, and testing of risk models while ensuring they align more closely with real-world challenges. By substituting uncertain values in Excel with specialized ModelRisk probability distribution functions, users can accurately represent the uncertainty surrounding those values. Following this, ModelRisk employs Monte Carlo simulation techniques to automatically produce thousands of possible scenarios. Similar to how Excel serves various analytical purposes, ModelRisk specifically evaluates the uncertainty inherent in the numerical output of Excel models. This tool has been utilized by users across a wide array of industries for risk analysis, showcasing its versatility and effectiveness in addressing uncertainty. Additionally, the ability to visualize the results enhances user understanding and supports informed decision-making.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

No details available.

Integrations

No details available.

Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

Armilla

Country

Canada

Website

www.armilla.ai/

Vendor Details

Company Name

Vose Software

Country

Belgium

Website

www.vosesoftware.com/products/modelrisk/

Product Features

Artificial Intelligence

Chatbot
For Healthcare
For Sales
For eCommerce
Image Recognition
Machine Learning
Multi-Language
Natural Language Processing
Predictive Analytics
Process/Workflow Automation
Rules-Based Automation
Virtual Personal Assistant (VPA)

Product Features

Risk Management

Alerts/Notifications
Auditing
Business Process Control
Compliance Management
Corrective Actions (CAPA)
Dashboard
Exceptions Management
IT Risk Management
Internal Controls Management
Legal Risk Management
Mobile Access
Operational Risk Management
Predictive Analytics
Reputation Risk Management
Response Management
Risk Assessment

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