Comparing Various Types of Assessments

Comparing Various Types of Assessments

Risk Assessment involves identifying, analyzing, and treating threats and vulnerabilities within an organization’s AI system. Impact Assessment focuses on analyzing and evaluating the implications of a specific AI system use case on people and their environment. Risk Management is about identifying, assessing, and prioritizing risks and applying resources to minimize, monitor, and control the likelihood of unintended events. Vendor AI Risk Assessments evaluate risks associated with working with third-party AI vendors, suppliers, and partners. Readiness Assessments determine if an organization meets specific AI regulations or frameworks and assesses its AI capabilities.