The Institute of Enterprise Risk Practitioners examines principal risks in business AI and ML deployments, focusing on talent gaps, data bias, overfitting, and misuse. It reviews how flawed training data and model errors undermine performance, and recommends governance frameworks and cultural measures to embed risk awareness across organizations.
Key points
- Identification of poor data quality, overfitting, and bias as primary AI/ML risks
- Emphasis on human factors and deliberate misuse leading to deepfakes and system failures
- Recommendation of risk frameworks and cultural measures to enforce AI governance
Why it matters: Identifying and mitigating AI/ML risk vectors drives safer, more reliable deployments and sustains competitive advantage.
Q&A
- What causes overfitting in AI models?
- How does biased training data impact AI outcomes?
- What is the Deloitte AI Risk Management Framework?
- Why are human factors crucial in AI risk?