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ARTICLE · 25 JULY 2024

Part 20: Risk-Based Approach: Not All AI Applications Harbour High Risks

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It is often said that the use of AI comes with risks. This is true and we ourselves have published a tool that can be used to assess such AI risks and which is enjoying some popularity.

SwitzerlandTechnology

It is often said that the use of AI comes with risks. This is true and we ourselves have published a tool that can be used to assess such AI risks and which is enjoying some popularity. However, where AI applications do not harbour high risks, the assessment of such projects can be less stringent. In this part 20 of our AI blog series, we present a risk categorization for discussion.

The use of generative AI in particular requires companies to assess and control the associated risks. However, practice shows that, on closer view, many applications in this area only present limited risks or at least no high risks. We are therefore seeing an increasing need among our clients for a risk-based approach to the assessment and authorisation of AI applications. Added to this is the fact that AI is already used in numerous products and services today without these ever having been assessed in terms of AI-specific risks - because nobody recognises or questions the

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