AI Risk Management

Urgent Call for Proactive AI Regulations to Mitigate Looming Risks
Regulatory & Compliance Urgent Call for Proactive AI Regulations to Mitigate Looming Risks

Artificial Intelligence (AI) is advancing at an unprecedented rate, bringing both immense benefits and significant risks. As these technologies evolve, the need for targeted regulation becomes increasingly urgent. This article explores the necessity of proactive AI regulations to harness the

October 31, 2024
Addressing IT Challenges and Data Liability in the AI-Driven Era
Regulatory & Compliance Addressing IT Challenges and Data Liability in the AI-Driven Era

In the modern business landscape, the reliance on artificial intelligence (AI) and advanced data capabilities has heightened the importance of effective IT services and data management to an unprecedented level. Despite significant technological advancements, business leaders are increasingly

October 11, 2024
NIST Releases AI Risk Management Framework for Safe and Ethical AI
Regulatory & Compliance NIST Releases AI Risk Management Framework for Safe and Ethical AI

In July 2024, the National Institute of Standards and Technology (NIST) delivered a groundbreaking new tool aimed at promoting the safe and ethical use of artificial intelligence (AI) systems called the "AI Risk Management Framework." This framework represents a comprehensive guideline

October 7, 2024
Can AI Innovation in Insurance Outweigh Regulatory Challenges?
Regulatory & Compliance Can AI Innovation in Insurance Outweigh Regulatory Challenges?

Several types of artificial intelligence are already being adopted by various parts of the insurance industry, and they have the potential to deliver extraordinary efficiency savings, opening the door for even more profitability, innovation, and complex problem-solving. While the use cases for

October 7, 2024
CIOs Turn to NIST Frameworks to Manage Generative AI Risks Effectively
Regulatory & Compliance CIOs Turn to NIST Frameworks to Manage Generative AI Risks Effectively

In the landscape of rapidly advancing technology, generative AI presents numerous unprecedented opportunities and challenges for businesses. Discover Financial Services is one such organization that is navigating these waters carefully. The financial institution has been systematically integrating

September 30, 2024
Can New AI Regulations Bring Savings and Opportunities for Startups?
Regulatory & Compliance Can New AI Regulations Bring Savings and Opportunities for Startups?

Ensuring that your startup complies with the latest AI regulations is a crucial task, but with the strict rulings come upsides to be excited about, including potential cost savings. Business leaders acknowledge that robust data governance is essential in all operations, and this extends to large

September 25, 2024
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