What is the NIST AI Risk Management Framework?
The NIST AI Risk Management Framework is a guide that helps organizations spot and reduce risks in AI systems. This framework was released in January 2023 by the U.S. National Institute of Standards and Technology. The framework is built around four key steps, namely: Govern, Map, Measure, and Manage, and is meant to help teams responsibly use AI. It doesn’t matter which industry you work in or which AI you use; this framework works everywhere.