Artificial Intelligence (AI) systems are increasingly being used to automate processes and decision-making in countless areas, from facial recognition entry systems to instant results for mortgage and insurance applications. Alongside this wave of innovation, the question of how to effectively manage the risks of AI is climbing up the policy and business agenda.

One of the leading voices in this discussion is The National Institute of Standards and Technology (NIST), the U.S. government agency which recently published a second draft of the AI Risk Management Framework (AI RMF). NIST’s work will influence future U.S. legislation and global AI standards, as well as the activities of enterprises across the U.S.