AuditBoard Launches AI Governance Solution to Help Customers Optimize AI Innovation
New solution embeds AI governance into audit and risk platform, strengthens oversight, streamlines compliance, and scales responsible AI adoption
SAN FRANCISCO, April 28, 2025 /CNW/ -- AuditBoard, the leading global platform for connected risk, transforming audit, risk, and compliance, today announced a robust new AI governance solution at the RSAC™ Conference in San Francisco, California. This solution enables customers to fast-track their AI risk management programs and drive responsible AI innovation and adoption at scale.
AuditBoard's new AI governance solution will help customers meet AI best practices outlined in frameworks like the National Institute of Standards and Technology's AI Risk Management Framework (NIST AI RMF), protecting their organizations from the cyber, reputational, and financial risks associated with noncompliance.
"This solution will help compliance teams address the widespread and urgent need for AI governance we are seeing across all industries," said Happy Wang, Chief Technology Officer at AuditBoard. "Our customers can now quickly identify, assess, and mitigate potential risks associated with AI systems, ensuring a more efficient and proactive approach to managing AI."
The growing appetite for AI governance is undeniable as organizations across industries increasingly integrate AI into their processes. A recent survey conducted by AuditBoard and Ascend2 found that 72 percent of audit, risk, and compliance practitioners believe AI will significantly impact their risk management processes. However, while excitement and optimism around AI are palpable, organizations need to strike a balance between embracing AI's opportunities and ensuring they are deploying AI responsibly.
Uptake of the technology has been swift, with more than 80 percent of AuditBoard AI customers accepting generative content into their systems of record. To help customers ensure responsible governance of not just AuditBoard AI, but any AI tool or model in their environment, AuditBoard's AI governance solution expedites AI risk management programs and ensures responsible AI usage by:
Streamlining AI use case intake, review, and approval processes
Establishing a single source of truth for approved AI use cases and models to responsibly federate decision-making
Dynamically linking AI risks to vendors, assets, and controls to continuously monitor AI risks across ecosystems
"My team is responsible for assessing each AI use case at AuditBoard and ultimately giving the green light," said Anthony Plachy, General Counsel at AuditBoard. "With the surge in AI tools we are seeing in the market, our use cases across the business have started to increase rapidly. The team was able to build this AI governance solution to help us manage the uptick of requests we have coming in, while ensuring each use case meets our internal AI governance standards. This solution has fundamentally transformed our team's work, and we're confident it will empower our customers to effectively navigate their AI journey."
To see these new capabilities in action, visit the AuditBoard booth at the RSAC conference or visit AuditBoard. com.
About AuditBoard
AuditBoard's mission is to be the category-defining global platform for connected risk, elevating our customers through innovation. More than 50% of the Fortune 500 trust AuditBoard to transform their audit, risk, and compliance management. AuditBoard is top-rated by customers on G2, Capterra, and Gartner Peer Insights, and was recently ranked for the sixth year in a row as one of the fastest-growing technology companies in North America by Deloitte.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
11 minutes ago
- Globe and Mail
CrowdStrike Stock Rises 52% in 3 Months: Time to Hold or Book Profits?
CrowdStrike Holdings CRWD shares have soared 51.7% over the past three months, outperforming the Zacks Security industry's 23.5% growth. The stock has also exceeded the returns of other industry peers, including CyberArk Software CYBR, Palo Alto Networks PANW and Check Point Software CHKP. In the past three months, shares of CyberArk, Palo Alto Networks and Check Point Software have gained 29.1%, 14.8% and 3.6%, respectively. CrowdStrike has been benefiting from strong enterprise demand for artificial intelligence (AI)-native cybersecurity solutions, platform consolidation, and rapid adoption of its Falcon Flex model, as organizations modernize security operations in an increasingly AI-driven threat landscape. However, the stock's sharp rise in the past three months raises the question: Does the stock still have upside potential left and is it worth holding or is it time to book profits? Let's see. 3 Month Price Return Performance AI Integration Helps CRWD Scale Subscription Revenues CrowdStrike's subscription business model is driving its overall top-line performance. The company's quarterly revenues crossed the $1 billion mark for the third consecutive time during the first quarter of fiscal 2026 and marked a year-over-year improvement of nearly 21%. was partly achieved due to the Falcon Flex Subscription Model, which allows customers to commit upfront and later choose modules, eliminating procurement friction. CrowdStrike's subscription customers, who adopted six or more cloud modules, represented 48% of the total subscription customers at the end of the first quarter. Those with seven or more cloud modules accounted for 32%, and those with eight or more cloud modules represented 22% as of April 30, 2025. CRWD's Falcon platform is gaining popularity as an 'AI-native SOC,' with strong adoption in Charlotte AI Agentic Detection Triage, Workflows and Response. CrowdStrike is partnering with other AI companies to expand its capabilities. CrowdStrike integrated its Falcon cybersecurity platform into NVIDIA's Enterprise AI Factory to enable enterprises to secure their AI systems, covering data ingestion, model training, and deployment. The company also collaborated with Microsoft to standardize cyber threat attribution across vendors. New introductions, including AI Model Scanning and AI Security Dashboard by CRWD, along with its strong partnerships, will likely help the company gain more customers. Falcon Flex: A Game-Changer Solution for CrowdStrike A significant driver of CrowdStrike's customer growth is the Falcon Flex subscription model, which simplifies security adoption by offering modular, scalable cybersecurity solutions. This flexibility encourages long-term commitments, ensuring steady revenue growth and deep customer integration. The company ended the first quarter with $4.44 billion in ARR, up 22% on a year-over-year basis. The robust growth in Falcon Flex's customer adoption and deal value is driving CrowdStrike's total ARR. During the first quarter of fiscal 2026, CrowdStrike added $774 million of total Falcon Flex account value, bringing the total deal value of accounts that have adopted Falcon Flex to $3.2 billion. At the end of the first quarter, more than 820 customer accounts have adopted the Falcon Flex model. CrowdStrike achieved the $3.2 billion deal value milestone within two years since its launch, and represents a robust growth of 31% sequentially and more than six times year over year. In addition to strong module adoption rates, CrowdStrike is securing major platform expansion deals through Falcon Flex. A Fortune 100 technology company expanded its relationship with CrowdStrike from a $12 million EDR (endpoint detection and response) deal into a $100 million-plus, five-year Falcon Flex agreement, covering cloud, identity, Next-Gen SIEM, and endpoint protection. Also, GuidePoint Security became CrowdStrike's fifth partner to surpass $1 billion in total deal value mark, joining AWS, Optiv, CDW, and SHI, reinforcing the strength of its ecosystem-driven growth. A large healthcare provider signed an 8-figure Falcon Flex expansion centered on Charlotte AI and CrowdStrike's Next-Gen SIEM, supporting the customer's full transformation to an AI-native SOC. As Flex gains further traction, CrowdStrike appears well-positioned to achieve its longer-term goal of $10 billion in ARR. If current trends hold, Falcon Flex may well be the game-changer that redefines the company's revenue growth trajectory CrowdStrike's Rising Expenses Weigh on Profitability To survive in the highly competitive cybersecurity market, each player must continuously invest in broadening its capabilities. Over the past few years, CrowdStrike has invested heavily to enhance its sales and marketing (S&M) capabilities, particularly by increasing the sales force. As a result, its sales and marketing expenses flared up nearly ninefold to $1.52 billion in fiscal 2025 from $173 million in fiscal 2019. Additionally, investment in research & development (R&D) is a top priority for CrowdStrike. Over the last six fiscals, the company has increased its R&D expenses 12-fold to improve the design, architecture, operation and quality of its cloud platform. In the first quarter of fiscal 2026, S&M and R&D expenses soared 25.5% and 34.7%, respectively, year over year. Though the firm foresees these investments to garner benefits over the long run, higher expenses are weighing on the company's bottom-line results. First-quarter non-GAAP earnings declined 7.6% year over year to 73 cents per share. Increasing costs are likely to continue impacting CrowdStrike's bottom-line performance in the near term, as reflected in the Zacks Consensus Estimate.(Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) Image Source: Zacks Investment Research CrowdStrike Trades at a Premium Valuation CrowdStrike is currently trading at a high price-to-sales (P/S) multiple, far above the Zacks Security industry. CrowdStrike's forward 12-month P/S ratio sits at 22.60X, significantly higher than the Zacks Security industry's forward 12-month P/S ratio of 14.78X. Forward 12 Month P/S Ratio Image Source: Zacks Investment Research CRWD stock also trades at a higher P/S multiple compared with other industry peers, including CyberArk, Palo Alto Networks and Check Point Software. At present, CyberArk, Palo Alto Networks and Check Point Software have P/S multiples of 13.96X, 12.94X and 9.25X, respectively. Conclusion: Hold CrowdStrike Stock Now As businesses continue prioritizing AI-driven cybersecurity solutions, CrowdStrike's leadership in threat prevention, response and recovery will only strengthen. However, shrinking profits and premium valuation warrant a cautious approach to the stock. So, it is prudent for existing investors to remain invested, while new investors should wait for a better entry point. CrowdStrike currently has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Zacks Names #1 Semiconductor Stock It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom. With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028. See This Stock Now for Free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Check Point Software Technologies Ltd. (CHKP): Free Stock Analysis Report Palo Alto Networks, Inc. (PANW): Free Stock Analysis Report CyberArk Software Ltd. (CYBR): Free Stock Analysis Report CrowdStrike (CRWD): Free Stock Analysis Report
Globe and Mail
26 minutes ago
- Globe and Mail
INTC Plunges 35% in the Past Year: Should You Dump the Stock?
Intel Corporation INTC has plunged 35.1% over the past year against the industry 's growth of 12.3%, lagging its peers Advanced Micro Devices, Inc. AMD and NVIDIA Corporation NVDA. While NVIDIA stock is up 16.4%, Advanced Micro has declined 27.5% over this period. Much of Intel's underperformance is attributable to the severe financial difficulties and operational challenges as it plays a catch-up game with its rivals. One-Year INTC Stock Price Performance INTC Slow Off the Blocks? While most of the competitors evolved with the changing demand patterns, Intel fell behind others as it hung on to its legacy products. For example, despite making significant inroads in AI (artificial intelligence) chips, Intel lagged NVIDIA on the innovation front with the latter's H100 and Blackwell graphics processing units (GPUs) being runaway successes. This offered a competitive advantage to NVIDIA, with leading technology companies reportedly piling up NVIDIA's GPUs to build clusters of computers for their AI work. Moreover, Intel has been facing challenges due to the disruptive rise of over-the-top service providers in this dynamic industry. Price-sensitive competition for customer retention in the core business is expected to intensify in the coming days. Aggressive competition is likely to limit the ability to attract and retain customers and affect operating and financial results. Bitter US-China Trade Ties Continue to Hurt INTC An accelerated ramp-up of AI PCs has significantly affected Intel's short-term margins, as it shifted production to its high-volume facility in Ireland, where wafer costs are typically higher. Margins were also adversely impacted by higher charges related to non-core businesses, charges associated with unused capacity and an unfavorable product mix. Competitive pricing pressure from rivals has further dented its profitability. China accounted for more than 29% of Intel's total revenues in 2024, making it the single largest market for the company. However, the communist nation's purported move to replace U.S.-made chips with domestic alternatives significantly affected INTC's revenue prospects. The directive to phase out foreign chips from key telecom networks by 2027 underscores Beijing's accelerating efforts to reduce reliance on Western technology amid escalating U.S.-China trade and tariff tensions. As Washington tightens restrictions on high-tech exports to China, Beijing has intensified its push for self-sufficiency in critical industries. This shift poses a dual challenge for Intel, as it faces potential market restrictions and increased competition from domestic chipmakers. In addition, weaker spending across consumer and enterprise markets, especially in China, resulted in elevated customer inventory levels. Estimate Revision Trend for INTC Earnings estimates for Intel for 2025 have moved down 40.8% to 29 cents over the past year, while the same for 2026 has declined 31.2% to 77 cents. The negative estimate revision depicts bearish sentiments for the stock. INTC Realigning Manufacturing Strategy Intel is investing to expand its manufacturing capacity to accelerate its IDM 2.0 (Integrated Device Manufacturing) strategy. Interim management is committed to keeping the core strategy unchanged despite efforts to drive operational efficiency and agility. The company is emphasizing the diligent execution of operational goals to establish itself as a leading foundry. Its latest Xeon 6 processors with Performance-cores (P-Cores) can support large AI workloads across diverse sectors. With industry-leading capabilities in AI processing, the Xeon 6 family delivers the industry's best CPU for AI at a lower total cost of ownership. Intel's innovative AI solutions are set to benefit the broader semiconductor ecosystem by driving down costs, improving performance and fostering an open, scalable AI environment. The company has received $7.86 billion in direct funding from the U.S. Department of Commerce for its commercial semiconductor manufacturing projects under the U.S. CHIPS and Science Act. The funds will support Intel in advancing critical semiconductor manufacturing and advanced packaging projects in Arizona, New Mexico, Ohio and Oregon, likely paving the way for innovation and growth. Intel remains on track with its 5N4Y (five nodes in four years) program to regain transistor performance and power performance leadership by 2025. Intel Xeon platforms have reportedly set the benchmark in 5G cloud-native core with substantial performance and power-efficiency improvements, additional power-saving capabilities and easy-to-deploy software. This has triggered healthy demand trends from major telecom equipment manufacturers and independent software vendors to optimize and unleash proven power savings for a more sustainable future. End Note Intel's innovative AI solutions hold immense promise for the broader semiconductor ecosystem. By addressing the challenges of scalability, performance and interoperability, it is paving the way for widespread AI adoption across enterprises worldwide. Management is focusing on simplifying parts of its portfolio to unlock efficiencies and create value. However, the recent product launches appear 'too little, too late' for Intel. In addition, margin woes amid strict export restrictions, unfavorable product mix and elevated customer inventory levels weigh on its bottom line. Declining earnings estimates remain an overhang. With a Zacks Rank #3 (Hold), Intel appears to be treading in the middle of the road, and investors could be better off if they exercise caution and stay invested for long-term gains. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Zacks Names #1 Semiconductor Stock It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom. With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028. See This Stock Now for Free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Intel Corporation (INTC): Free Stock Analysis Report NVIDIA Corporation (NVDA): Free Stock Analysis Report
Cision Canada
38 minutes ago
- Cision Canada
EDC supported more than 27,800 businesses and facilitated more than $123 billion intrade-related activities Français
OTTAWA, ON, June 9, 2025 /CNW/ - Today, Export Development Canada (EDC) released its 2024 Integrated Annual Report, highlighting how the organization helped its customers grow their business beyond Canada to seize the vast trade opportunities that await them in the global marketplace. The report is complemented by additional environmental, social and governance (ESG) disclosures: 2024 Climate-Related Disclosure, and the 2024 Sustainable Bond Impact Report. In 2024, exporters faced a complex and rapidly evolving economic environment. During this period, EDC expanded its presence in key Indo-Pacific markets to support the trade diversification of Canadian exporters. EDC invested in medium-sized Canadian exporters, sharpening its focus on priority sectors, and maintained a strong commitment to sustainable and responsible business practices. "In 2024, global economic softness weighed on Canadian exporters. Slow domestic growth, higher-for-longer interest rates and slowing labour markets strained the economic outlook in many countries," said Alison Nankivell, EDC's President and CEO. "Those challenges, coupled with new market uncertainties towards the end of the year, have energized our customers to transition from continental to global traders as we strive to make it easier for them to secure new international business opportunities. This renewed interest in trade diversification and EDC's solutions have increased since the start of this year given the evolving nature of U.S. trade policies, and we're stepping up to support them." In 2024, EDC supported more than 27,800 customers with financial and knowledge solutions, with the vast majority being small and medium-sized businesses. We facilitated a total of $123.4 billion in exports, foreign investment and trade development activities, including $23.4 billion in business in emerging markets. This support contributed to over 475,800 domestic jobs and helped to generate $87 billion of Canada's GDP. "During an uncertain economic environment, we strategically deployed capital and took on risk to help more Canadian companies reach global markets—and we are continuing to do so in response to the current climate," said Scott Moore, EDC's Executive Vice-President and Chief Financial Officer. "We're motivated by findings that Canadian companies supported by EDC generate 23% more revenues, employ 16% more workers and are 6% more productive, according to our latest study with Statistics Canada." In 2024, EDC's net income increased to $915 million from $450 million in 2023. This was driven by higher net revenue, combined with unrealized gains on financial instruments carried at fair value. Our growing presence in the Indo-Pacific In 2024, EDC added three new representations in the Indo-Pacific, increasing the total number of representations to 11 in the region, including its Singapore branch. EDC opened representations in Ho Chi Minh City, Vietnam, Manila, Philippines, and most recently, Bangkok, Thailand (in 2025) to offer in-market support to attract more Canadian companies to the booming region and help them navigate local market complexities. EDC supported 1,529 customers and facilitated $13 billion in business volumes in the Indo-Pacific region in 2024. It also signed memorandums of understanding with several export credit agencies and market leaders to enable strong market access for Canadian exporters. Our support for Canada's medium-sized exporters and key sectors In 2024, we continued our strategic objective to support the international growth of Canada's medium-sized companies. In 2024, we served 1,175 medium-sized Canadian companies across our financial solutions. EDC is focusing on Canadian sectors that provide net-new growth for Canada, namely agri-food, critical minerals, the energy transition, advanced manufacturing and digital industries. Its goal is to highlight Canada's strengths on the global stage and improve trade competitiveness. For example, in the agri-food sector, EDC served 3,201 customers throughout the year, facilitating $21.7 billion in business. As a leading financier of Canada's cleantech industry, EDC served 500 cleantech customers in 2024, enabling $9.7 billion in business facilitated. Our commitment to responsible business Throughout the year, EDC maintained its commitment to responsible business. In 2024, we issued our sixth green bond valued at US$ 1 billion, helping to further attract capital for climate-focused investment and support for projects that generate positive environmental outcomes. Additionally, we deployed $1.3 billion in financing for 56 renewable energy projects. Through our inclusive trade efforts, we offered targeted support for Canadian companies owned by members of equity-seeking groups, focusing on companies owned by women and Indigenous people. This effort served 3,816 financial and non-financial customers and facilitated $2.5 billion in business and trade activities. For more information, read the 2024 Integrated Annual Report and the suite of supplemental ESG reports. Export Development Canada (EDC) is a financial Crown corporation dedicated to helping Canadian businesses make an impact at home and abroad. EDC has the financial products and knowledge Canadian companies need to confidently enter new markets, reduce financial risk and grow their business as they go from local to global. Together, EDC and Canadian companies are building a more prosperous, stronger and sustainable economy for all Canadians.
