Why was the Artificial Intelligence Extra created?

Artificial Intelligence functionality was added to our GRC platform to help organizations move faster, expand the ability to apply risk-based metrics to make better informed decisions and scale their GRC programs more efficiently.

Traditional GRC processes can be slow, resource-intensive, and reactive. By embedding AI, we enable users to automate complex tasks like policy generation, obtain tailored program recommendations, and leverage data-driven methodologies like FAIR for quantifiable risk analysis.

The result is a more proactive, intelligent approach to managing risk and compliance freeing teams to focus on strategic initiatives rather than manual, repetitive work.

How is the Artificial Intelligence Extra used?

Going forward, SimpleRisk plans to extend the AI functionality extensively but three key use cases addressed initially include how to:

• Build Your Company Profile and Instantly Improve Your GRC Program. The AI Extra learns from your organization’s unique structure, industry, and compliance needs. By creating a company profile, you’ll receive tailored insights and actionable recommendations to strengthen your GRC program helping you close gaps, optimize processes, and enhance your overall risk posture.
• Auto-Generate Customized Policies, Standards and Procedures. The AI functionality can be used to automatically draft company-specific policies, standards and procedures, ensuring they align with your existing frameworks and controls. Whether you follow standard frameworks such as ISO, NIST, COBIT, or custom frameworks, the output is designed to match your organization's governance model saving you countless hours while maintaining accuracy and consistency.
• Apply the FAIR Methodology for Data-Driven Risk Analysis Risk decisions shouldn't be based on guesswork. Using the FAIR (Factor Analysis of Information Risk) methodology, our AI helps quantify risk in clear, measurable terms. By analyzing your organization's real-world data, you can assess potential loss scenarios, prioritize risks, and justify decisions with defensible, data-backed metrics. It's risk management — smarter, sharper, and grounded in reality.

What users would benefit from the Artificial Intelligence Extra?

In short, anyone responsible for risk, compliance, security, audit, IT governance, or legal in addition to those responsible for writing and maintaining polices and are looking for a faster, smarter, more scalable GRC management process.

Risk and Compliance Teams

These users are probably the biggest direct beneficiaries.

Why? They can use the AI Extra to quickly create or update policies, standards, and procedures without spending weeks manually drafting documents or reconciling multiple frameworks. A compliance manager responsible for ISO 27001 audits could have the AI generate fully tailored policies aligned with ISO controls, cutting preparation time dramatically.

Security and IT Governance Teams

These users often struggle maintaining up-to-date documentation and risk assessments.

Why? The AI Extra’s ability to auto-generate aligned security policies and run FAIR-based risk analysis gives them sharper, data-driven insights for decision-making. Think of it like having a digital co-pilot that not only writes your playbook but also points out where the vulnerabilities are — before an auditor or attacker does

Internal Auditors and Assurance Teams

Why? They benefit from more consistent, AI-generated documentation, which makes it easier to perform audits against clear, current policies and standards. Plus, AI-driven risk quantification using FAIR helps auditors prioritize what to review based on actual risk levels, not just gut feelings.

Legal and Privacy Teams

Why? Since regulations are always changing, these teams can leverage AI-generated content that aligns with current compliance requirements and reduces legal exposure. They can also use FAIR risk analysis to justify privacy risk decisions to leadership in quantifiable terms.

Executive Leadership (CISOs, CROs, Compliance Officers)

Why? AI-generated reporting and risk quantification offer clearer, data-backed narratives for board-level conversations. Instead of vague risk charts, executives can show financial and operational impacts tied to real metrics — making it easier to justify budgets, prioritize initiatives, and meet fiduciary responsibilities.

How can I learn more about the Artificial Intelligence Search Extra or try it out for myself?

To learn more about the Artificial Intelligence Extra or discuss specific use cases for how your organization could use it, feel free to schedule a demo online. If you would like to try out the Artificial Intelligence Extra functionality for yourself, we offer a free (no credit card required!) 30 day trial. Please reach out to SimpleRisk Support if you have any additional questions about the Advanced Search Extra or any of the additional functionality that we offer.