Cloud Security Alliance issues Artificial Intelligence (AI) Model Risk Management Framework

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Cloud Security Alliance issues Artificial Intelligence (AI) Model Risk Management Framework

The Cloud Security Alliance has released an Artificial Intelligence (AI) Model Risk Management Framework that emphasizes the importance of managing risks associated with AI models. The framework aims to ensure responsible development, deployment, and use of AI/ML models by addressing issues such as data biases and factual inaccuracies. It targets a wide audience, including AI practitioners, business leaders, and compliance professionals.

The framework highlights the need for a proactive approach to mitigate risks related to AI models, which could lead to financial losses and reputational damage if left unchecked. By implementing the framework's four pillars - model cards, data sheets, risk cards, and scenario planning - organizations can enhance transparency, proactive risk mitigation, and informed decision-making. The Cloud Security Alliance's initiative focuses on promoting ethical and responsible AI development to keep pace with innovation.

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