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Risk Management
Risk management in AI governance refers to the systematic identification, assessment, and mitigation of potential harms, failures, and negative outcomes associated with AI systems throughout their lifecycle. This includes evaluating technical risks like model bias and system failures, as well as operational risks such as regulatory non-compliance and reputational damage. Effective risk management is essential for enterprises to maintain control over AI deployments, protect stakeholders, and ensure responsible use of AI technologies while meeting compliance obligations and board-level accountability requirements.
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