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Risk Management for AI Chatbots

O'Reilly on Data

Welcome to your company’s new AI risk management nightmare. Before you give up on your dreams of releasing an AI chatbot, remember: no risk, no reward. The core idea of risk management is that you don’t win by saying “no” to everything. So, what do you do? I’ll share some ideas for mitigation.

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Documenting and Managing Governance, Risk and Compliance with Business Process

erwin

Managing an organization’s governance, risk and compliance (GRC) via its enterprise and business architectures means managing them against business processes (BP). Shockingly, a lot of organizations, even today, manage this through, either homemade tools or documents, checklists, Excel files, custom-made databases and so on and so forth.

Risk 98
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How to build a successful risk mitigation strategy

IBM Big Data Hub

.” This same sentiment can be true when it comes to a successful risk mitigation plan. The only way for effective risk reduction is for an organization to use a step-by-step risk mitigation strategy to sort and manage risk, ensuring the organization has a business continuity plan in place for unexpected events.

Risk 80
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Gen AI is a game-changer in bond investment risk assessment

CIO Business Intelligence

Their steady income stream and relatively low risk compared to equities make them an especially important component of pension and retirement planning. Each type of issuer presents a different level of risk and tax treatment. It knows exactly where the compliance information is in a 300-page document,” Soundarapandian says. “It

Risk 52
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6 business risks of shortchanging AI ethics and governance

CIO Business Intelligence

Even if the AI apocalypse doesn’t come to pass, shortchanging AI ethics poses big risks to society — and to the enterprises that deploy those AI systems. The following real-world implementation issues highlight prominent risks every IT leader must account for in putting together their company’s AI deployment strategy.

Risk 145
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What is Model Risk and Why Does it Matter?

DataRobot Blog

This provides a great amount of benefit, but it also exposes institutions to greater risk and consequent exposure to operational losses. The stakes in managing model risk are at an all-time high, but luckily automated machine learning provides an effective way to reduce these risks.

Risk 111
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Digital Transformation: How To Protect Your Organization From Cyber Risk

Smart Data Collective

million —and organizations are constantly at risk of cyber-attacks and malicious actors. In order to protect your business from these threats, it’s essential to understand what digital transformation entails and how you can safeguard your company from cyber risks. What is cyber risk?