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8min chapter
[Achieving AI ROI] Quantifying AI Risk - with Head of AI Insurance at Munich Re, Michael Berger
The AI in Business Podcast
Analyzing Risks and ROI in AI Projects
This chapter explores the significance of evaluating risks in AI projects from a return on investment perspective, discussing uncertainties, liabilities, and the need for businesses to make informed decisions by quantifying potential risks. It also examines the balance between machine learning and rule-based systems, assessing costs, benefits, and mitigating risks to determine the true value of AI projects.
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