The NIST AI Risk Management Framework (AI RMF) is a guidance document created by the National Institute of Standards and Technology (NIST) to help organizations design, develop, and deploy AI systems in a trustworthy and risk-managed way. It focuses on addressing potential risks while promoting ethical AI usage.
Key Components:
- Core Functions:
- Govern: Establish governance and policies for AI risk management.
- Map: Identify and understand AI systems and their associated risks.
- Measure: Quantify and monitor AI risks, such as bias and fairness.
- Manage: Mitigate risks and adjust AI systems to ensure safety and reliability.
- Trustworthy AI Characteristics:
- Focus on accuracy, fairness, accountability, transparency, privacy, and security to ensure responsible AI.
- Risk Management:
- Helps identify, assess, and mitigate AI risks, ensuring compliance with regulations and ethical standards.
Goal:
- The NIST AI RMF aims to promote trustworthy AI by guiding organizations to manage risks, enhance innovation, and foster public confidence in AI technologies. It is flexible, scalable, and applicable across industries and AI use cases.
