"Navigating Risk In The Age Of Artificial Intelligence: Assessing And Identifying Risks With AI Strategies"

Abstract

As organizations increasingly adopt artificial intelligence (AI), the need for effective risk assessment and identification strategies becomes paramount and this paper explores the potential barriers and risks that come along with adoption of AI and emphasizes the criticality of management of risk connected with AI and the evolving landscape of AI is discussed, including its types and the potential risks it poses. The paper further highlights the need for AI risk management, particularly in the setting of Industry 6.0, where cutting-edge automation and interconnected systems prevail and have the potential to cause potential risky situations. The various risks involved in AI are outlined, emphasizing the significance of proactive risk identification and mitigation practices to ensure that these potential risks are mitigated in a better way and additionally, risk identification strategies specific to AI in Industry 6.0 are discussed, recognizing the complexities and vulnerabilities present in this domain. By understanding and effectively managing AI risks, organizations can navigate the age of AI with confidence and reap the rewards of this transformative technology