September 12, 2023 — Thentia, a leading innovator in regulatory technology, has launched the Ascend Institute Regulatory Transformation Framework, a holistic regulatory improvement program featuring a simple self-assessment tool called the Ascend Institute Regulatory Effectiveness (AIRE) Index. A unique tool in the regulatory industry, the AIRE Index provides a structured process for regulatory authorities to examine and score their regulatory functions and organizational management capabilities.
“While all regulators are focused on delivering regulatory outcomes that improve public protection, how they measure and report on their success varies widely,” says Julian Cardarelli, CEO, Thentia. “The AIRE Index is a simple tool that changes that by giving regulators a standardized way of calculating their capacity to deliver effective regulatory outcomes and their readiness for digital transformation. It does this by providing regulators with the framework they need to review every aspect of their regulatory activity and then score their organization based on its effectiveness.”
Regulators who download and complete the Regulatory Transformation Framework and AIRE Index will be able to:
- Review their organizational capabilities across five critical regulatory functions and seven organizational management functions
- Conduct a confidential, repeatable self-assessment within their organization that can inform strategic and transformation priorities
- Examine their digital maturity and determine their capacity to deliver more effective regulatory outcomes through digital technologies and processes
- Benchmark their results, comparing their effectiveness with that of their peers, in an anonymous and confidential way (subject to scores being shared with Thentia)
Thentia’s Ascend Institute, a non-profit initiative dedicated to enhancing global regulatory capabilities to safeguard the public across various regulatory domains, designed the AIRE Index to help regulatory authorities ensure that they are delivering the most effective outcomes to their stakeholders, Cardarelli explains. “Organizations that use it will be able to measure their regulatory capabilities and progress in a meaningful way and assess whether or not they have the digital infrastructure, tools, and training to deliver optimal outcomes quickly and effectively.”
Once a regulatory body has completed the self-managed AIRE Index, and has identified areas to focus on, they will be poised to begin to become a more effective regulator through a regulatory transformation process. Regulatory Transformation is a process of change that enables a regulatory body to become more efficient, more effective and more focused on public protection.
Click here to access the Ascend Instutitute Regulatory Transformation Framework and AIRE Index.
Thoughtfully built for regulators, by regulators, Thentia is driving regulatory transformation for hundreds of boards and agencies worldwide with a platform that manages the full spectrum of regulatory processes. Hosted on the Google Cloud Platform, Thentia Cloud empowers regulators to transcend the constraints of legacy processes, custom-built solutions, and disparate applications, setting new standards in efficiency and effectiveness. For more information, visit thentia.com.
About The Ascend Institute
The Ascend Institute, a non-profit initiative by Thentia, is dedicated to enhancing global regulatory capabilities to safeguard the public across various regulatory domains. Through research, education, knowledge sharing, and innovation, the Institute empowers regulators and professionals while fostering regulatory transformation.