Build Your AI Risk Management Roadmap

AI continues to be the most transformative and disruptive technology today, with organizations around the world accelerating their adoption and deployment of AI-based solutions. Alongside these new and exponential opportunities, AI solutions are also introducing severe financial and reputational risks that require evaluation and management to mitigate. Our step-by-step blueprint provides detailed guidance through the process of AI risk management, helping you to create a comprehensive roadmap and AI strategy aligned with organizational needs.

Risk is an unavoidable part of business that must be actively monitored, managed, and mitigated to avoid financial losses and reputational damage to your organization. Though their effects are just as impactful, AI risks are often addressed separately from organizational risks – causing inconsistencies in the approach and leaving AI leaders too accountable for impacts. Transform your ad hoc AI risk management processes into a formalized, ongoing program aligned with existing business risk management processes to take a proactive stance against AI threats and vulnerabilities.

1. Build off the back of existing standards.

The scale and scope of opportunities made possible by AI are limitless, but you do not have to start from scratch when shaping foundational principles for its use. Our blueprint leverages the NIST AI Risk Management Framework 1.0 as a starting point, to be refined by senior leadership and aligned with your organizational risk appetite and AI maturity.

2. Make risk measurable and manageable.

Identifying potential risks to your organization is an essential first step in your risk management approach, but not all risks are created equal. Establish an AI risk council with key players from across your organization to determine acceptable risk thresholds, create risk likelihood, severity level, and reputational assessments, and provide accessible documentation for all potential risks.

3. Don’t risk your reputation.

Once an organizational AI risk program has been agreed upon, communicated, and implemented, the greatest risk you face might be a false sense of security. AI is evolving exponentially, risking that your assessment will quickly become outdated. Perform regular health checks to keep your finger on the pulse of the key risks threatening the organization and your reputation.

Use our comprehensive blueprint to navigate the risks and take full advantage of the exponential capabilities of AI.

Build an AI risk management program and roadmap that can stand up to the current rapidly changing technical environment by leveraging our step-by-step methodology, tools, and templates to:

• Transform your ad hoc AI risk management processes into a formalized, ongoing program and increase AI risk management success.
• Take a proactive stance against AI threats and vulnerabilities by identifying and assessing the greatest AI risks before they occur.
• Involve key stakeholders, including the organization’s senior management team, to gain buy-in and to focus on the AI risks most critical to the organization.