Underpinning every area of the business, the CCO’s role is rooted in data.
Tasked with ensuring compliance with data privacy laws and industry regulations, the CCO needs full visibility of, and trust in, the data driving an organisation.
In order to do their job effectively, they need to be able to answer questions such as:
Audit Trails
What are the audit trail records for data access and modifications?
Security
Are there any incidents of data breaches or unauthorised access?
Compliance
Are we aligned with applicable regulations (e.g., GDPR, CCPA)
Access
Where is our data stored, who has access, and it is controlled?
The data you need is hidden among the data you don’t
- Results from audits
- CRM data
- Financial data
- Employee data
- Database access logs
- Privileged access management (PAM) records
- Records across all your registers
- etc
Spread across multiple siloed systems and data suppliers.
- Analytics and Reporting eg -Excel PowerBI, Tableau
- DMS eg, Sharepoint, M-files
- LMS
- Compliance Management Systems (CMS)
- Quality Management Systems (QMS)
- etc
How Does Verodat Help?
Verodat provides a platform that allows you to easily bring together all the data you need in one place.
With AI Readiness by design, the data is formatted, standardised and perfected to meet the needs of AI tools.
The outcome? A data layer enriched with context, supply status and attribution, the critical elements needed to ensure AI effectiveness.
A data layer ready to fuel the AI tools you use in your business, efficiently and safely.
With an AI Ready data layer, a CCO can now easily build and share the AI analytics they need to perform their tasks. Answering the key questions quickly and with confidence in the results.
Let’s look at some scenarios of HOW this can be used.
Verodats Excel Add in means that your data can be easily and immediately brought into Excel (or any of the main analytics tools on the market) from right across your Tech Stack. This gives you the data you need, in a tool you and your team already use, for easy access and review.
With high-quality data now readily available in Excel. You and your team can now use a tool you’re familiar with to find new insights and quickly and efficiently build out new reports without the need for extensive data prep.
With one click you can navigate to the Verodat uploaded data in your workbook, view the records supply status and check the provenance of the information right back to a verifiable audit trail provided by Verodat. Ensuring you know who and where and how that record was generated.
With an AI Ready Data Layer, the team can easily switch on Excel copilot to assist in the building of complicated reports without needing extensive data or analytics support, keeping data access contained within the specific team. Augmenting the wider team’s skills with AI, upskill their ability to analyse and build complex formulas while you remain safe in the knowledge that the Verodat data fueling the reports is correct, up to date and secure
Automate briefing notes sent directly to your colleagues. Easily scaled and personalised per recipient to focus only on the key points they need, in a format that suits them. For example, the CIO gets a daily email with a detailed and technical breakdown of compliance issues whereas the CEO might get an audio file, giving them a quick run down of the headlines when needed.
A Verodat powered chatbot, trained on your AI Ready Data offers a chat interface where they can ask questions of the data and receive natural language responses. If a question like “what additional systems have been budgeted for?” comes up in the meeting, they can simply ask the chat and get a verified answer in seconds.
When your team is using the Verodat chatbot to ask additional questions on your reports, you can analyse questions being asked and log and track them in Verodat. This will help you uncover what data your team need to do their job and easily add additional personalised reports based on these regular queries.
With AI ready data and a trained model managed by Verodat, AI can monitor predefined events in your workflow. You can then automate triggers to carry out actions based on the event – i.e AI can continuously monitor systems and detect anomalies in data usage or access, flag unusual activity and trigger corrective actions such as access removal.
When working off Verodat’s ‘AI ready data’, AI can use predictive models to forecast the likelihood of events occurring in the future with incredible accuracy, based on historical data and current behaviours. AI can predict potential compliance issues by analysing trends and behaviour, allowing the CCO to proactively address vulnerabilities before they escalate into violations
Verodat makes it easy to defend your decision making and meet your audit and regulatory requirements . Your data in your Verodat workplace has full supply status and attribution included, so you can trace your end reports right back to the point of origin. If you’ve used AI in your reports, the context, supply status and attribution means that the outcomes are fully verifiable, defensible and repeatable.
Verodat can be deployed into your business quickly and efficiently.
Verodat fits seamlessly into the existing tools your team already use and are familiar with, reducing adoption and change management challenges and allowing you immediate access to the benefits of AI.
Verodat offers a new operating model to your business. A simpler, more efficient way to augment your team with the many benefits of both existing AI and future innovations.
To find out more about Verodat, get in touch with one of our experts.