1. Positioning AI Risk and Impact Management

1.1 Specific Characteristics of AI Risk: Lessons from Documented Cases

An AI system is more than just standard software. It is part of a lifecycle that includes:

• the definition of the use case;

• data collection and governance;

• model development and training;

• technical and business validation;

• operational deployment;

• operation and monitoring;

• decommissioning.

Compared to a software development lifecycle, AI systems have certain unique characteristics:

• heavy...