Description
Venue: 2023
AACE International Conference & Expo
Abstract: In today's complex and rapidly evolving business landscape, effective risk management is essential for organizations to thrive. With the advancements in artificial intelligence (AI), there is now an opportunity to simplify risk management processes and enhance the overall risk culture within an organization.
This presentation aims to explore the potential of integrating AI and ChatGPT (a language model developed by OpenAI) into risk management practices. By harnessing the power of AI and leveraging ChatGPT's conversational capabilities, organizations can streamline the communication and understanding of risk analytics to their user base.Abstract: In today's complex and rapidly evolving business landscape, effective risk management is essential for organizations to thrive. With the advancements in artificial intelligence (AI), there is now an opportunity to simplify risk management processes and enhance the overall risk culture within an organization.
The first part of the presentation will provide an overview of conventional risk predictive AI methods. We will analyze the strengths and limitations of these approaches, shedding light on the challenges faced by organizations in effectively assessing and mitigating risks.
The second part of the presentation will introduce the concept of generative AI and its role in simplifying risk management. Generative AI, including ChatGPT, can understand natural language, generate human-like responses, and provide valuable insights and recommendations related to risk analysis and remediation.
By the end of the presentation, attendees will understand how artificial intelligence and ChatGPT can streamline risk management, making it more accessible, efficient, and effective.
Contributors
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Carlos Mendizabal