Governance
AI risk management
Systematic application of management policies and practices to identify, assess, treat, and monitor AI-specific risks.
Definition
The systematic application of management policies, procedures, and practices to the activities of communicating and consulting, establishing the context, and assessing, treating, monitoring, reviewing, recording, and reporting risks that are specifically related to artificial intelligence systems. This process is adapted from general risk management principles to address the unique characteristics and challenges presented by AI technologies.