PwC Model Edge Description
Model Edge allows you to manage, develop, validate, and govern your entire portfolio (including AI) from one central location. Model Edge simplifies operations and gives you confidence in your program. It provides the tools to show model effectiveness (and explainability to external and internal stakeholders). Model Edge offers extensive model recording and documentation capabilities in a single, central environment. An audit trail and model inventory that is comprehensive and holistic tracks all changes and updates made to models, both historical and current. A single cloud-based environment can manage every model's entire lifecycle, from conception to implementation. Track your progress within and across programs and manage your model validation and development workflows.
PwC Model Edge Alternatives
Connected Risk
Connected Risk is a single solution that allows your team to meet all of their governance, risk and compliance (GRC), needs. Connected Risk is built on EmpoweredNEXT's next-generation low-code/no code platform. This powerful backbone allows your team to expand the solution with practical applications tailored specifically for their needs. Holistic and connected management is designed to manage governance, risk and compliance programs within an integrated lifecycle that is specific to your organization. Top global organizations trust us to manage their governance and risk needs. Enterprise risk management provides your organization with tools to take advantage of both disruption and risk. Regulatory change management allows your compliance team manage change in an organized and connected manner. Model risk management empowers you to create and maintain a model inventory through workflow management.
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ClusterSeven
ClusterSeven Shadow IT manager gives you control over hidden spreadsheets and other data assets that could put your business at risk. Manage the sensitive, hidden spreadsheets, apps, and data assets that are not under IT's control. This can create risk. You can now quickly and efficiently take inventory of files that your organization relies on and monitor who is making changes. This will help you to meet compliance and audit requirements, and prevent potential problems from affecting your enterprise.
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Focus
Focus is a central tool that improves model governance transparency, efficiency, effectiveness, and transparency. Focus helps you to adhere to the best practices for regulatory requirements in a controlled and systematic way. To ensure you are on the right track, define and follow policy and processes. Keep detailed records, report and remediate to ensure that you do not forget. It allows for easy, controlled access of all models, reports, documents, and up-to-the minute status, tasks, and actions dashboards. This facilitates better prioritization, resource planning, and a single, practical solution.
- Model dependencies, taxonomy and defined data
- Centralised model inventory
- Model risks identified and remediation plans tracked
- Model lifecycle events, workflow management
- Full audit trail, tracking, and reporting
- User configurable reporting/querying
- Flexibility in implementation
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Fairly
AI and non AI models require risk management and oversight. Fairly is a continuous monitoring tool for advanced model governance. With Fairly, data science and cyber-security teams can easily collaborate with risk and compliance teams to ensure that models are reliable and secured. Fairly makes it simple to stay up to date with policies and regulations regarding procurement, validation, and audit of non AI, predictive AI, and generative AI. Fairly simplifies model validation and auditing by providing direct access to ground truth within a controlled environment, for both in-house models and third-party ones, without adding additional overhead to development or IT teams. Fairly's platform guarantees compliant, ethical, and secure models. Fairly helps teams identify compliance, operational, and model risks and mitigate them according to internal policies, external regulations, and monitor, report, and assess them.
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Integrations
No Integrations at this time
Company Details
Company:
PwC
Year Founded:
1998
Headquarters:
United Kingdom
Website:
www.pwc.com/us/en/products/model-edge.html
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Product Details
Platforms
SaaS
Type of Training
Live Online
Customer Support
Online
PwC Model Edge Features and Options
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