Our Story
Dr. Rizwan A. Sheikh, affectionately known as "Dr. Riz," has pioneered groundbreaking research to develop a proprietary AI Governance, Risk Management, and Compliance (GRC) Assessment Model. This innovative model meticulously assesses AI-related risks and identifies compliance gaps across critical sectors, including financial services, healthcare, pharmaceuticals, manufacturing, supply chain, the public sector, and other industries. The model produces comprehensive reports that include actionable insights, clear recommendations, and remediation roadmaps, allowing organizations to identify and bridge gaps while enhancing their AI governance processes and compliance.
What sets this model apart is its ability to recommend robust remediation plans that assist organizations in complying with global AI regulations and guidelines such as HIPAA, FDA, GDPR, the EU AI Act, EMA, CCPA, FCRA, ECOA, GLB, AML Regulations, BSA, USA PATRIOT Act, FinCEN, the NIST RMF, and ISO 42001 all while effectively mitigating risks. By detecting potential hazards and compliance deficiencies early on, the AI GRC Assessment Model has already saved companies millions of dollars, offering a compelling return on investment (ROI).
Consider a $10 billion enterprise facing the possibility of a staggering 7% ($700 million) reduction in global revenue due to fines, penalties, and fees associated with non-compliance under the EU AI Act. The implications of non-compliance are monumental. Therefore, GAIX's AI GRC Assessment Model has been designed not only to diagnose AI risks and identify compliance gaps but also to provide recommendations and a remediation plan for compliance and risk mitigation. The model is system-agnostic, ensuring seamless integration with any existing GRC software, AI/ML models, and various IT systems.
After many years of research and practical applications, Dr. Riz is now on a mission to empower organizations worldwide. His vision is clear: to implement Responsible AI that not only drives compliance and minimizes risks but also fosters innovation and sustainable growth. Join us in transforming your organization through the lens of responsible and compliant AI practices.