AI Risk Assessment

An AI risk assessment is a structured evaluation of the risks associated with developing, deploying, or using an artificial intelligence system.

The assessment may consider factors such as the system's business purpose, the type of data it processes, its level of autonomy, its impact on individuals, the vendors involved, human oversight, security risks, and applicable legal requirements.

The level of assessment required will depend on the context. An internal writing assistant that uses public information may require less scrutiny than an AI system that influences hiring, financial decisions, or access to essential services.

AI risk assessments should be reviewed when important aspects of the system, data, purpose, or operating environment change.