NIST AI RMF
NIST has created an AI Risk Management Framework (RMF). It focuses on the development of the AI model from conceptualization to deployment. A diagram that explains NIST RMF can be seen in Figure 14.5:
Figure 14.5 – NIST AI RMF12
12 Artificial Intelligence Risk Management Framework (AI RMF 1.0) - NIST, NIST, Jan. 2023, nvlpubs.nist.gov/nistpubs/ai/NIST.AI.100-1.pdf.
The NIST AI Risk Management Framework covers the development cycle of creating and maintaining an AI system. Most importantly, it shows the importance of human oversight, transparency, and maintaining governance. As I explained earlier, the other compliance your company meets is important as a firm foundation. AI compliance needs to be incorporated into your regular risk management plans and processes. If you are planning on deploying an AI system at your company, then you need an AI policy. From the conception of an AI system through to its deployment and maintenance...
