As artificial intelligence (AI)-based technology and systems are more widely deployed, the U.S. National Institute of Standards and Technology (NIST) is taking steps to help organizations leverage the benefits of AI while minimizing the potential risks.
According to a press release, NIST has released “Artificial Intelligence Risk Management Framework (AI RMF 1.0),” a guidance document that maps out a flexible but structured and measurable framework to assess AI-related risks. The framework includes four specific processes (govern, map, measure, and manage) to address the practical risks associated with the use of AI systems.
The AI RMF is the product of 18 months of work by NIST in conjunction with partners from both the public and private sectors. The final guidance reflects nearly 400 contributions from more than 240 different organizations.