Risk Management Show AI + ERM: Unlocking Competitive Advantage
5 snips
Aug 30, 2024 Carol Williams, CEO of Strategic Decision Solutions, brings her expertise in AI and risk management to the discussion. She dives into how AI can enhance decision-making and resilience in enterprise risk management. Carol shares insights on its role in scenario planning and identifying emerging risks while keeping proprietary information safe. Emphasizing AI as a supportive tool, she warns against relying on it solely for decisions. The conversation showcases the potential of integrating AI into risk workflows for a strategic advantage.
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AI for Scenario Planning
- Use AI for scenario planning in strategic planning and risk discussions.
- Don't input confidential company data; focus on generic scenarios to assess likelihood and impact.
Emerging Risk Research with AI
- Leverage AI to research emerging risks and trends beyond common reports.
- Explore trends in different industries and locations for broader insights into potential future impacts.
Validate AI Information and Combine with Other Sources
- Validate AI-generated information; don't accept it as absolute truth.
- Use AI as one input in decision-making, combining it with expert opinions and other sources to mitigate bias.