AI Glossary
Key AI terms explained for UK business leaders in regulated industries
AI Fundamentals
Agentic AI
AI systems that can independently plan multi-step tasks, make decisions, use tools, and take actions...
Read more →AI Hallucination
When an AI model generates plausible-sounding but factually incorrect information, presenting fabric...
Read more →Fine-Tuning
The process of further training a pre-built AI model on your own domain-specific data to improve its...
Read more →Foundation Model
A large-scale AI model trained on broad data that serves as a general-purpose base for many downstre...
Read more →Generative AI
AI systems that create new content including text, images, code, and structured data based on patter...
Read more →Large Language Model (LLM)
A type of AI trained on vast text datasets that can understand and generate human language. LLMs pow...
Read more →Machine Learning
A subset of AI where systems learn patterns from historical data to make predictions or decisions wi...
Read more →Natural Language Processing (NLP)
The branch of AI that enables computers to understand, interpret, and generate human language. NLP p...
Read more →Prompt Engineering
The practice of designing and refining instructions given to AI models to produce accurate, consiste...
Read more →RAG (Retrieval-Augmented Generation)
An architecture that combines AI text generation with real-time retrieval from your own documents an...
Read more →Compliance & Regulation
AI Audit Trail
A comprehensive, tamper-evident log of all inputs, outputs, decisions, and configuration changes mad...
Read more →AI Bias
Systematic patterns in AI outputs that produce unfair or discriminatory outcomes for particular grou...
Read more →AI Explainability
The ability to understand and communicate how an AI system reaches its outputs or decisions in terms...
Read more →AI Governance Framework
A structured set of policies, processes, and accountability mechanisms that govern how an organisati...
Read more →Data Sovereignty
The principle that data is subject to the laws and governance of the country or region where it is s...
Read more →FCA Consumer Duty
The FCA regulation requiring financial services firms to deliver good outcomes for retail customers....
Read more →GDPR Compliance for AI
The application of UK GDPR data protection requirements to AI systems that process personal data. Th...
Read more →SM&CR (Senior Managers & Certification Regime)
The FCA regime that assigns clear personal responsibility to senior individuals within financial ser...
Read more →Architecture & Infrastructure
AI Model Deployment
The process of taking a trained AI model from development into production where it serves real users...
Read more →API vs Private Deployment
The choice between accessing AI models through a shared cloud API, where data is sent to the provide...
Read more →AWS Bedrock
Amazon managed AI service that provides access to leading foundation models including Claude, Llama,...
Read more →Private Cloud AI
Running AI models and processing within your own dedicated cloud infrastructure rather than shared p...
Read more →Virtual Private Cloud (VPC)
An isolated section of cloud infrastructure that functions as a private network within a public clou...
Read more →Zero Data Retention
An AI deployment configuration where the service provider does not store any of your input data, out...
Read more →Strategy & Implementation
AI Centre of Excellence
A cross-functional team that coordinates AI adoption across an organisation, providing shared expert...
Read more →AI Champions Programme
A structured initiative that identifies and trains enthusiastic individuals across different busines...
Read more →AI Maturity Model
A framework that describes the stages organisations typically progress through as they adopt AI, fro...
Read more →AI Readiness
An assessment of how prepared an organisation is to adopt and benefit from AI technologies. AI readi...
Read more →AI ROI
The measurement and evaluation of financial and operational returns generated by AI investments rela...
Read more →Change Management for AI
The structured approach to transitioning teams and organisations from current working practices to A...
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