FAQs - Artificial Intelligence (AI)
How Does Diligentsia Use Ai?
AI (“artificial intelligence”) has been built into the core of our product. Examples of its use include:
· Our modules are each bespoke and tailored to a company’s specific business, industry, stage of development and business objectives
· Ai is used to risk score different areas of a company’s business, and to deliver risks and recommendations arising from responses to different questions.
· Our AI Filing Assistant helps you import and distribute files into your Data Repository and remove old versions
· Intelligentsia, our AI bot, helps companies identify suitable investors, and investors match with companies meeting their investment criteria – which have also been idenfied by AI.
· Our AnyList Checklist Builder uses Ai to create business, process and diligence checklists bespoked to a company’s, advisor’s or investor’s specific requirements and desired area of focus, along with risk identification, risk scoring, and recommendations, along with reporting and workflow management to facilitate remediation of weaknesses identified.
· Where AI has been used, we watermark relevant reports.
· However, we do not use AI to interrogate data contained in files you upload onto our platform. You can find further details in our “Use of AI Policy” here.
Q Does Diligentsia/your platform use AI?
Yes. We use generative Artificial Intelligence(AI) to personalize and bespeak our platform to the specific needs of your company. Our policy with regard to our use of AI can be found here.
Q What AI do you use?
Diligentsia currently uses generative AI from a mix of Google Bard/Microsoft Bing and Open AI's (Chat-GPT); we use these individually and in combination. Our policy with regard to our use of AI can be found here.
Q Does my data go outside your platform for use by AI?
Yes, but only to refine it for reingestion into your company answers and recommendations.
Q Do the AI engines you use retain/reuse my data?
No. The AI engines do not disseminate your data to third parties other than in aggregated and anonymized form as part of benchmarking.
Q Can I opt out of your using AI on my company?
Currently, you can not opt out of we using AI on your company.
Q Do you have a policy on using AI within Diligentsia/your platform?
Yes - Our policy with regard to our use of AI can be found here.
Q How do I know if/where AI has been used on your platform?
Our reports have an "AI" watermark. Our policy with regard to our use of AI can be found here.
Q: Does AI improve over time using my data?
No, AI does not retain or reuse your data outside the platform.
Q: Does Diligentsia use AI to generate business recommendations?
Yes, AI is used to provide data-driven recommendations.
Q: Can the AI be used to benchmark my company against others?
Yes, anonymized data may be used for benchmarking purposes.
Q: What are the privacy measures when using AI?
Data is anonymized and not shared with third parties, except for benchmarking.
Q: Does AI assist in report generation?
Yes, AI enhances report accuracy and customization based on input data.
Q: How does Diligentsia protect AI-processed data?
Strong encryption and security protocols are in place to safeguard data. You can check out our Data and Cyber Security FAQs here
Q: How often is AI updated on the platform?
Diligentsia regularly updates AI systems to enhance performance and accuracy.
Q: Can AI in Diligentsia be used for predictive analysis?
Yes, AI can offer predictive insights based on company performance data.
Q: What kind of data is processed by AI?
AI processes various business data, including financial and operational information.