The NIST AI Risk Management Framework provides guidelines for managing risks associated with AI systems, emphasizing governance, risk assessment, and ethical operation to maintain reliability and public trust. It helps organizations in making informed decisions about AI use and its associated risk management.
Key benefits
- Govern: integrate policies that define an organization's mission, values, and risk tolerance into all levels and functions of the organization, to ensure a consistent culture of responsible risk management throughout the organization.
- Map: identify context and mitigate potential risks, addressing the complexities and information silos of AI systems.
- Measure: a mix of quantitative and qualitative methods to assess AI risks and impacts.
- Manage: resources are strategically allocated to address risks identified and quantified in stages, focusing on response, recovery, and risk communication.