, AI providers, leaders, and evangelists claim that AI technology will transform any organization's operations What happens when your models degrade over time?

We have observed over several years that the way compliance management systems are implemented is a significant This approach is based on the Lean Startup methodology where compliance always is operational which means

able to adjust their functioning prior to, during, or following events to ensure continuation of operations Organizations that are missing the four cornerstones should not wait until the crisis is over to make

often seen as a necessary evil – a set of rules and regulations that stifle innovation and bog down operations Learning and Proactive Culture: Foster open communication and encourage your organization to learn from Invest in training and empower open dialog and partnerships with all your stakeholders.

resulting from change is one of the most important risk measures to introduce and continuously improve over However, its application is of value to all organizations looking to be more resilient with their operations removing waste, MOC programs help to remove sources of risk lowering the probability of safety incidents over

Over time, ALE was adapted for use in cybersecurity risk management. is a risk management formula used to calculate the expected monetary loss from a security incident over the ALE would be: ALE = 1 x $50,000 = $50,000 This means that the business can expect to lose $50,000 per Organizations must also consider the potential impact on business operations and the overall risk management However, organizations must also consider the potential impact on business operations and the overall

simplified here as four-stages: Creation - promises are specified, designed, implemented, and made operational Over time assets and promises tend to grow in complexity and cost. This will include operational risk.

Why AI Is Different: AI presents unique risks because of its ability to operate with minimal human oversight

commitments, controls, audits, processes, and many other activities and artifacts that are built up over time which makes compliance more complicated and difficult to manage, operate, and maintain. Obligations evolve and change over time. Improved Efficiency : By focusing on essential compliance elements, your program operates more efficiently

Risk moves further into operations Traditional as well as enterprise risk management has until recently However, the attention has now moved further into the operations of the business where the focus is on

The technology that once required polymaths, scientists & engineers, now operates through well-understood About the Author: Raimund Laqua, P.Eng, is a professional computer engineer with over 30 years of expertise in high-risk and regulated industries, specializing in lean methodologies and operational compliance

Over the years I have experienced this effect at work when it comes to compliance systems in support However, together they seldom lead to an operational system as we soon shall see. person who has the scope, authority, or resources to contend with ensuring that the overall system is operational We might still believe that if we double down on audits we might get back to having an operational system What makes it worse is that you never had an operational system to start with.