Organisations are investing in AI tools and strategies to optimise their processes to gain a competitive edge. In some cases, entire industries are transitioning to a reliance on AI, which comes with a heightened risk that must be managed. As artificial intelligence (AI) technology continues to advance rapidly, organisations must be prepared to respond to the significant changes it will bring to their operations on a global scale. Indeed, it is essential to understand the risks associated with AI and the best practices for managing them to ensure a successful implementation of AI technology. This blog provides an overview of AI risk management, including a summary of the risks and best management practices.

What are AI risks?