Agentic AI Glossary.
Plain language for
business leaders.

Cut through the noise by understanding the terms properly. Walk into every AI conversation confidently.

 
Written for business leaders
Every definition is written for the executive, the operator, and the decision-maker. No assumed technical knowledge or unnecessary complexity.
 
Covasant terms are marked ★
Terms that are specific to Covasant's CAMS platform and enterprise products are marked with a teal Covasant badge. Everything else is a universal industry term.
 
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A
 
17 terms
Agent Design Studio
Covasant

Part of the Covasant CAMS platform, Agent Design Studio is where the objectives and performance parameters of an AI agent are defined and fine-tuned. It gives your team precise control over what an agent does, how it behaves, and what success looks like, before the agent is ever deployed in a live environment.

Agent Marketplace
Covasant

A dedicated portal within CAMS where AI agents, once built, tested, and approved, are made available for use. Think of it as an internal or external app store for AI agents. Business teams can browse, select, and deploy agents directly from the marketplace, without needing to involve technical teams for every new use case.

Agent Registry
Covasant

A centralised record of all AI agents within an organization. The Agent Registry within CAMS ensures every agent is documented, approved, and compliant with your organization's governance policies before it goes live. No agent operates outside of sanctioned boundaries.

Agent Studio
Covasant

The build environment within CAMS where AI agents are created. Agent Studio provides the tools and structure needed to design agents that can reason, take action, and deliver outcomes, without requiring your team to start from scratch each time.

AgentEval (Agent Test Bench)
Covasant

Before an AI agent goes live, it needs to be tested rigorously. AgentEval, also referred to as the Agent Test Bench, is the testing environment within CAMS where agents are evaluated for accuracy, reliability, and performance. Only agents that meet the required standards move forward to deployment.

Agentic AI

A class of artificial intelligence (AI) that goes beyond answering questions or generating content. Agentic AI systems can set goals, make decisions, take actions, and complete multi-step tasks with minimal human intervention. For enterprise leaders, this means AI that informs and. executes.

ARIIA: Agentic Reasoning Intelligence and Insights Assembly
Covasant

A Covasant enterprise product built on CAMS. ARIIA applies agentic AI reasoning to surface actionable intelligence from complex, high-volume data. It is designed for organizations that need more than dashboards and reports. ARIIA delivers insight that is contextual, timely, and ready to act on.

AI Agent

A software program powered by artificial intelligence that can independently carry out tasks on behalf of a user or organization. Unlike traditional software that simply processes instructions, an AI agent can observe its environment, reason about its objectives, and take action to achieve them, adapting as conditions change.

AI Agent Control Tower
Covasant

The operational command centre for all AI agents within CAMS. The AI Agent Control Tower gives business users real-time visibility into how every deployed agent is performing, with interactive dashboards that speak plain language, performance thresholds, and a kill switch that can stop any underperforming agent instantly.

AI Bias

A condition where an AI system produces outputs that reflect unintended prejudice, often because the data used to train the model contained historical patterns of inequality or discrimination. In enterprise AI, unchecked bias can lead to unfair decisions in hiring, lending, insurance, and regulatory processes. Governance frameworks exist specifically to detect and mitigate it.

AI Governance

The policies, processes, and controls that determine how AI systems are built, deployed, monitored, and retired within an organization. Good AI governance ensures that AI behaves in ways that are aligned with organizational values, legally compliant, auditable, and safe, particularly when AI is making or influencing consequential decisions.

AI Guardrails

Rules and boundaries built into an AI system to control its behaviour. Guardrails prevent agents from acting outside of permitted parameters, whether that means not accessing unauthorized data, not taking actions beyond their defined scope, or not producing outputs that violate regulatory or ethical constraints. In CAMS, guardrails are enforced through the Agent Registry and Control Tower.

AI Hallucination

When an AI model generates information that is factually incorrect or entirely fabricated, presented with apparent confidence. Hallucination is a known limitation of large language models. In enterprise settings, hallucination without detection controls represents a material risk, particularly in legal, compliance, financial, and clinical applications where accuracy is non-negotiable.

AI Orchestration
Covasant

The coordination of multiple AI agents and systems so they work together toward a common objective. In CAMS, the AI Orchestration module manages how agents pass information to each other, sequence their actions, and collectively complete complex workflows that no single agent could handle alone.

AI Workflow

A sequence of automated steps carried out by one or more AI agents to complete a business process. AI workflows can span multiple systems, data sources, and decision points, operating without continuous human input at each step. Unlike simple automation, AI workflows can adapt to new information and reason through non-standard scenarios.

Autonomous AI

AI that operates independently to complete tasks without requiring human input at each step. Autonomous AI is capable of managing its own decision-making within defined boundaries. The degree of autonomy ranges from supervised systems that seek approval before acting, to fully autonomous systems that operate independently within established guardrails.

C
 
4 terms
CAMS: Covasant Agent Management Suite
Covasant

The core platform built by Covasant, now known as CAMS. CAMS is an enterprise platform designed to help organizations build, deploy, and govern AI agents at scale. It consists of the Agent Management Layer (where agents are built, tested, and governed), the Enterprise Data Management System (the data foundation), and a suite of enterprise products built on top of the platform.

Compliance (AI Compliance)

The adherence of an AI system to applicable laws, regulations, and internal policies. In regulated industries, non-compliance by an AI system carries the same legal and financial consequences as non-compliance by a human team. AI compliance requires that agents operate within defined boundaries, produce auditable outputs, and can demonstrate the basis for their decisions when asked.

Covasant
Covasant

An enterprise agentic AI platform company. Covasant builds and delivers CAMS, a full-stack agentic AI platform that enables organizations to build AI agents, orchestrate them across workflows, and govern them at scale. Covasant's positioning is as a platform company: organizations can build agents on CAMS themselves, or Covasant can build for them. The enterprise products already deployed on CAMS are proof that it works.

CyberProTX
Covasant

A Covasant cybersecurity product built on CAMS. CyberProTX applies agentic AI to detect, assess, and respond to cyber threats and GRC risks continuously, replacing the periodic, manual security posture assessments that leave enterprises behind the threat curve. It monitors threat landscapes, validates security controls, and communicates risk in business language to executive and board audiences.

D
 
4 terms
Data Ingestion
Covasant

The process of collecting and importing data from various sources into a central system. Within Covasant's Enterprise Data Management System, Data Ingestion is the first stage, connecting to structured and unstructured data sources across your organization through 200-plus enterprise connectors, making that data available for processing and AI-driven analysis.

Data Intelligence
Covasant

The layer within Covasant's Enterprise Data Management System that connects to enterprise data sources and makes sense of what they contain. Data Intelligence reads both structured data, like spreadsheets and databases, and unstructured data, like contracts, emails, and documents, turning the full scope of your enterprise information into material AI agents can reason over.

Data Processing
Covasant

The stage between data collection and data use, where raw data is cleaned, corrected, and made ready for analysis. In Covasant's platform, Data Processing is where our MDM solution operates, ensuring that the data flowing into AI agents meets the quality standards that make their outputs reliable. Garbage in, garbage out. Data Processing prevents garbage from ever entering.

Data Quality

A measure of how accurate, complete, consistent, and reliable your data is. Poor data quality is one of the leading causes of AI failure in enterprise deployments. An AI agent making decisions on inaccurate or incomplete data produces inaccurate or incomplete outcomes. Investing in data quality before deploying AI is not optional. It is the foundation on which reliable AI performance is built.

E
 
2 terms
Enterprise AI

AI systems designed and built to meet the scale, security, compliance, and reliability demands of large organizations. Enterprise AI differs from consumer AI in that it must integrate with existing enterprise systems, operate within regulatory frameworks, produce auditable outputs, and perform consistently at the volume and reliability standards that enterprise operations require. Consumer AI tools built for individuals rarely satisfy these requirements without significant adaptation.

Enterprise Data Management System (EDMS)
Covasant

The data layer at the foundation of CAMS. The EDMS manages how data is collected, processed, and turned into intelligence that AI agents can act on. It consists of three modules: Data Ingestion (connecting to data sources), Data Processing (cleaning and standardising data via AssuraDQ), and Data Intelligence (reading and contextualising both structured and unstructured enterprise data).

F
 
1 term
Fraud, Waste, and Abuse (FWA)

Three categories of financial and operational risk that cost organizations, and governments, significant resources each year. Fraud involves intentional deception for financial gain. Waste refers to the misuse or overuse of resources without resulting benefit. Abuse involves practices that are not necessarily illegal but deviate from accepted standards. Agentic AI, through products like konaAI, can detect patterns across all three categories at a scale and speed that human audit teams cannot match.

G
 
3 terms
Generative AI

A class of AI that can create new content, including text, images, code, and more, based on patterns learned from existing data. Generative AI underlies tools like ChatGPT and Copilot. While powerful for content creation and communication, generative AI is one component of a broader AI capability set. Agentic AI, by contrast, goes further: it uses generative AI capabilities as a reasoning layer while also taking actions, executing workflows, and operating continuously without human prompting.

Governance

See AI Governance. The policies, processes, and controls that govern how AI is built, deployed, monitored, and retired within an organization. Without governance, AI systems can drift from their intended purpose, violate regulatory requirements, or cause harm without accountability. Governance is not a constraint on AI capability, it is the structure that makes AI trustworthy enough to deploy at enterprise scale.

Guardrails

See AI Guardrails. Boundaries embedded into an AI system to ensure it only acts within approved parameters. In CAMS, guardrails are enforced structurally, through the Agent Registry, which requires every agent to be documented and approved before deployment, and through the AI Agent Control Tower, which monitors behaviour in real time and provides the mechanism to stop any agent that acts outside its defined scope.

K
 
2 terms
Kill Switch
Covasant

A control mechanism within the AI Agent Control Tower that allows a business user to immediately stop a specific AI agent from operating. The kill switch can be triggered when an agent falls below performance thresholds, exhibits unexpected behaviour, or consumes resources above acceptable limits. It is designed to be used by non-technical business users and engineers, ensuring that business leadership retains control of AI operations at all times.

KonaAI
Covasant

A Covasant enterprise product built on CAMS. KonaAI is designed for internal audit and compliance teams. It applies agentic AI to identify patterns of Fraud, Waste and Abuse across financial and operational data at a scale and speed that traditional audit methods cannot achieve. konaAI dramatically expands the coverage and speed of the audit function, surfacing the issues that matter most for human review.

L
 
1 term
Large Language Model (LLM)

A type of AI model trained on vast amounts of text data that can understand, generate, and reason using natural language. LLMs are foundational components of many AI systems, including Agentic AI platforms. However, an LLM alone is not an AI agent. An LLM provides the language understanding and reasoning capability. The agentic layer, the ability to take action, use tools, and complete multi-step tasks is built on top of that foundation. CAMS integrates with leading LLMs and orchestrates them within governed enterprise workflows.

M
 
3 terms
Master Data Management (MDM)

A discipline that ensures an organization has a single, consistent, and accurate version of its critical data, such as customer records, product information, supplier lists, and financial hierarchies. Without MDM, the same entity may appear with different names, IDs, or attributes across different systems, causing inconsistency and errors throughout any process that depends on that data, including AI-driven processes.

Multi-Agent Orchestration
Covasant

The coordination of multiple AI agents working together, often simultaneously, to complete complex tasks or workflows. Multi-Agent Orchestration in CAMS enables agents with different specializations to collaborate: one agent might gather data, another analyse it, a third draft a report, and a fourth route it to the appropriate decision-maker, all without human coordination at each handoff. This is the architecture that makes enterprise-scale agentic AI practically deployable.

Multi-Agent System

A network of AI agents, each with its own role and capabilities, that work together to achieve broader objectives. Multi-agent systems are the architecture underlying enterprise agentic AI deployments. Rather than one general-purpose agent doing everything, a multi-agent system deploys specialised agents that each do one thing well, and the orchestration layer coordinates them into a coherent, governed whole.

N
 
2 terms
Natural Language Interface

A way of interacting with a software system using everyday spoken or written language, rather than technical commands or structured queries. In CAMS, the AI Agent Control Tower uses a natural language interface so that business users and engineers can query agent performance, ask questions about their workflows, and receive clear answers without writing code or learning a new technical system.

Natural Language Processing (NLP)

The ability of an AI system to understand, interpret, and generate human language. NLP is foundational to how AI agents read unstructured documents, extract relevant information from text-heavy sources, and produce readable outputs. For organizations dealing with large volumes of contracts, correspondence, reports, and regulatory filings, NLP is what makes it possible for AI to work with those documents the same way a human analyst would, only faster and at greater scale.

R
 
1 term
RAG: Retrieval-Augmented Generation

A technique used in AI systems where the model retrieves relevant information from an external data source before generating a response. Rather than relying solely on what was baked into the model during training, RAG allows AI to reference live, specific, proprietary data in real time, producing outputs that are grounded in your actual enterprise information. In the context of agentic AI, RAG is a key mechanism for giving agents access to the current state of your organization's knowledge and data.

S
 
1 term
Structured Data

Data that is organized in a defined format, typically in tables, rows, and columns, as found in spreadsheets, databases, and ERP systems. Structured data is easier for traditional analytics tools to process. However, it represents only a fraction of the data most organizations generate. The rest is unstructured. CAMS's Data Intelligence layer is designed to work with both, ensuring AI agents have access to the full picture.

T
 
1 term
Third Party Risk Management (TPRM)
Covasant

The process of identifying, assessing, and managing the risks that arise from working with external vendors, suppliers, and partners. Sixty percent of enterprise data breaches originate from third parties. Covasant's TPRM platform, built on CAMS, replaces periodic manual assessments with continuous AI agent monitoring, providing dynamic risk scoring, automated governance, and real-time alerts across your entire vendor ecosystem. It is the difference between knowing your vendor risk picture today versus when your next scheduled review arrives.

U
 
1 term
Unstructured Data

Data that does not follow a predefined format, such as emails, contracts, audio recordings, images, and documents. Unstructured data accounts for the majority of information generated by most organizations, yet traditional analytics tools struggle to process it. Agentic AI, through CAMS's Data Intelligence layer, can read, interpret, and act on unstructured data the same way a skilled analyst would, making the full breadth of your enterprise information available as a source of intelligence, not just the portion already formatted for a database.

W
 
1 term
Workflow Automation

The use of technology to carry out a sequence of business tasks with minimal human involvement. Agentic AI takes workflow automation significantly further, allowing systems to follow predefined steps, reason through decisions, adapt to new information, and complete complex processes end to end. Where traditional workflow automation breaks when it encounters an exception, an agentic AI workflow reasons about the exception and resolves it, escalating to a human only when genuine judgment is required.

 
 

Proof that the platform works. Every product built on CAMS.

Every Covasant enterprise product is built using CAMS, the same platform available to your organization. These products exist as proof that CAMS delivers enterprise-grade agentic AI at scale, across the most demanding compliance, security, and operational environments.

Internal Audit
konaAI
Agentic AI for fraud, waste and abuse detection. Expands audit coverage to 100% of transactions, at a scale that no human team can match.
Cybersecurity
CyberProtx
Continuous GRC and cyber resilience intelligence. Replaces periodic assessments with always-on threat monitoring and board-ready risk scoring.
Vendor Risk
TPRM Platform
Third party risk intelligence. Continuous AI monitoring across your entire vendor ecosystem, replacing annual questionnaires with live risk scores.
Risk Intelligence
ARIIA
Agentic Risk Intelligence and Insights Assembly. Surfaces actionable intelligence from complex, high-volume enterprise data in real time.
 
 
 

Ready to go beyond the glossary
and see Agentic AI in action?

Speak to a Covasant AI specialist. See a live product demo on CAMS. Or ask us the questions that the glossary raised but did not fully answer.