New tools leverage Protiviti's AI expertise,
enabling the firm to advise clients on this rapidly emerging
technology and improve efficiency
MENLO
PARK, Calif., June 12,
2024 /PRNewswire/ -- Protiviti recently introduced
ProtivitiGPT, a custom-built firmwide internal generative AI based
application to enhance the development of
cutting-edge business solutions. The application has been made
operationally available to all Protiviti employees after
establishing internal governance and guiding principles.
Additionally, comprehensive training programs will up-skill
employees' understanding and usage of Artificial Intelligence to
enhance value of client engagements, drive operational
efficiencies, and connect information and insights to best serve
our clients.
"Protiviti has been advising clients on implementing AI into
their business for many years," said Cory
Gunderson, Protiviti's Chief Operating Officer and Executive
Vice President of Global Solutions. "Because of this expertise and
the rapid evolution of generative AI as commercially viable
technology, Protiviti has been addressing business problems with
innovative solutions. Implementing our own use of generative AI
internally is accelerating our ability to address our clients'
AI-based needs."
Innovation in Action
Protiviti's approach leverages leading-edge AI components
to help clients improve processes, drive new business
opportunities and increase competitive advantage.
Recently, Protiviti introduced an AI-ML based solution with a
global manufacturer to improve its financial and operational
processes in responding to pricing spikes, increased scheduling
lead-time and port backups. Manual processes gave limited
visibility into how the company could effectively predict future
ocean freight cost increases.
The solution afforded ongoing model training that gave the
client control over its data for more efficient applications. With
this foundation in place, the Protiviti team built lane-specific,
low-error predictive models that provided insights into future
ocean freight cost trends and risks used for network optimization,
significantly improving the client's ability to adapt to rapid
changes in both processes and cost analyses.
"We have seen the advent of generative AI at broad scale
increasing client interest in AI-based solutions at unprecedented
pace, with AI-based solutions being adopted by Protiviti clients at
four times the pace of 2023," said Christine Livingston, Protiviti Global Leader,
Artificial Intelligence. "As clients seek to engage AI for
innovative and transformative applications, we're recommending a
holistic approach to deploying and managing AI that balances the
opportunity and risk of AI."
Governance Guides Appropriate AI Use
Creating AI solutions often goes hand-in-hand with effective
governance development and implementation. Protiviti's expertise in
risk management, controls and governance is frequently requested to
help clients identify potential risks and recommend AI guidelines
and policies. In one instance, Protiviti worked with a
multinational hospitality company to establish a comprehensive AI
governance approach to address emerging risks before creating its
AI solution.
Protiviti conducted a thorough analysis of the client's existing
information security and technology environment, then partnered
with the client to develop a customized AI governance approach.
This comprehensive governance standard gave the organization the
control and comfort it needed to move forward with its AI
initiatives.
About Protiviti
Protiviti (www.protiviti.com) is a global consulting firm that
delivers deep expertise, objective insights, a tailored approach
and unparalleled collaboration to help leaders confidently face the
future. Protiviti and its independent and locally owned member
firms provide clients with consulting and managed solutions in
finance, technology, operations, data, digital, legal, HR, risk and
internal audit through a network of more than 90 offices in over 25
countries.
Named to the 2024 Fortune 100 Best Companies to
Work For® list, Protiviti has served more
than 80 percent of Fortune 100 and nearly 80 percent of
Fortune 500 companies. The firm also works with government
agencies and smaller, growing companies, including those looking to
go public. Protiviti is a wholly owned subsidiary of Robert
Half Inc. (NYSE: RHI). Founded in 1948, Robert Half is a member of the S&P 500
index.
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SOURCE Protiviti