Risk Management in the AI Era: Navigating the Opportunities and Challenges of AI Tools in the Public Sector

Over the years, the growth in both the power and use of Artificial Intelligence (AI) has been staggering. This revolution fueled by significant advances in computing power and the explosion of digitization has led to a new golden era for AI.

Machine Learning (ML) continues to play an integral role in advancing this AI revolution. ML systems can “learn” and adapt in ways that the old expert systems that made up earlier forms of AI could not. There have been significant improvements in video and natural language recognition that seemed impossible only a few years ago. These ML techniques apply statistical inference to large input datasets, taking advantage of declining cost of computing power, to make predictions, create and analyze large data, and automate tasks that were either previously completed by humans or that were not even possible.