EDGE OSDEFINITION
A risk management framework is a proper and reliable process helping an individual to easily examine, evaluate, track, and communicate with technology, operations, and various systems. It is also defined as the formal framework for NIST, the risk management framework. However, it is considered one of the best ways to manage the risk associated with AI applications in terms of reliability, privacy and biasness.
Why use a Risk Management Framework?
- Helps identify risks
- Provides structure to assess risks
- Helps choose controls
- Provides ongoing monitoring of risks
- Creates ownership
Use cases
- Security risk assessment within enterprise IT systems
- AI risk assessment prior to deployment
- Data privacy and access controls
- Third-party software and cloud providers
- Monitor risks across key business applications
See it running on your own hardware
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