An AI Risk Management Framework

Elham Tabassi and Andrew Burt on a new NIST framework that addresses risks in the design, development, use, and evaluation of AI products, services, and systems.

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This week’s guests are Elham Tabassi of the National Institute of Standards and Technology (NIST) and Andrew Burt, Managing Partner of BNH.ai1, the first law firm focused on AI compliance, risk mitigation, and related topics. We discuss the new NIST framework – “AI Risk Management Framework” – intended for voluntary use to manage risks in the design, development and use of AI products and systems. To learn more, attend the free virtual workshop (Building the NIST AI Risk Management Framework) slated for March 29 – 31, 2022.

NIST has a track record for influencing how companies adopt and use technology. In the cybersecurity realm, a host of businesses and cybersecurity leaders have adopted the NIST Cybersecurity Framework and many consider it to be the gold-standard in that field. Consequently, I believe that this new NIST initiative will have a significant impact on how we manage AI risks in the future.

[From: “Towards a Standard for Identifying and Managing Bias in Artificial Intelligence”]

NIST just released another paper – “Towards a Standard for Identifying and Managing Bias in Artificial Intelligence” – that data teams will also want to consult.

Highlights in the video version:

Related content:

FREE report:

[1] Ben Lorica is an advisor to an other startups.

[Image: Scaffolding at sunset by Joe Flood; from Flickr (used under CC BY-NC-ND 2.0).]