KEY LEARNINGS
  • The NIST AI Risk Management Framework is a voluntary, flexible guide designed to help organizations manage AI risks without the rigidity of specific regulations.
  • The framework operates through four interconnected functions: Govern, Map, Measure, and Manage, creating a continuous cycle of improvement.
  • Governance is the foundational layer, establishing the culture, policies, and accountability structures necessary for the other functions to operate.
  • The 'Map' function focuses on understanding context, while 'Measure' involves quantitative assessment, and 'Manage' dictates the response to identified risks.
  • Implementing the NIST AI RMF positions organizations well for compliance with mandatory regulations like the EU AI Act and international standards like ISO 42001.
  • National Institute of Standards and Technology. (2023). AI Risk Management Framework (AI RMF 1.0).
  • NIST. (2023). AI RMF Playbook.
  • IAPP. (2023). Mapping the NIST AI RMF to the EU AI Act.