Veritone to Advance Federal Government Presence with FedRAMP Compliance Initiative (HITS)
Veritone today announced that its certification for the Federal Risk and Authorization Management Program (FedRAMP) has achieved “in process” status. The company expects to achieve full certification for its aiWARE platform of cognitive engines, applications, and data products by the end of 2018, making it the first platform approved for federal agencies to harness the power of AI to securely and accurately deliver real-time insights and automation.
“The exponential growth in the volume, variety, and velocity of data within the federal space requires an ability to swiftly understand and act on its value with AI,” said Ryan Steelberg, president of Veritone. “Our initiative to achieve FedRAMP certification exemplifies Veritone’s commitment to delivering our commercially-proven AI platform to federal agencies.”
FedRAMP is a government-wide program that provides a standardized approach to security assessment, authorization, and monitoring for cloud-based products and services. Its certification process includes an in-depth examination of a solution’s data security and data governance capabilities, as well as the security practices of its services. To achieve “in process” status, Veritone, under the supervision of the FedRAMP Program Management Office, has undergone an extensive compliance program, including security process implementation and extensive review and auditing of its platform and processes by outside consultants. This status allows Veritone to begin working with Federal government agencies to help them leverage the power of AI in their operations.
A report released last year by Deloitte University Press predicted that AI could save Federal government agencies up to 1.2 billion hours annually within the next five to seven years, translating into $41.1 billion in potential cost savings and more time for agencies to innovate and provide services.