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The Uncertainty of AI The Cynefin Uncertainty Map Laqua emphasized that uncertainty is the root cause Dimensions of AI Uncertainty The presentation explored several critical dimensions of AI uncertainty: Uncertainty about Uncertainty: AI's outputs are driven by networks of probabilities, creating a meta-level uncertainty that requires new approaches to risk management. Uncertainty about Ethics : Citing W.

Contending with operational uncertainty help organizations operate between the lines which protects the Scorecard Protecting the creation of value fundamentally is about contending with aleatory and epistemic uncertainty Aleatory uncertainty is handled by applying margins to cover losses that cannot be avoided or reduced Whereas, epistemic uncertainty is handled by means of compliance controls and measures to buy-down risk More uncertainty and risk is expected in the incubation and startup activities.

Every plan, business, or endeavour happens in the presence of uncertainty. is responsible for creating value in the eyes of the stakeholders and it does so in the presence of uncertainty Margins are necessary to mitigate the effects of aleatory (i.e. irreducible) uncertainty. Compliance programs also serve the value chain by mitigating the effects of epistemic (i.e. reducible) uncertainty To succeed in the presence of uncertainty a balanced scorecard should include objectives and measures

Productivity programs improve margin to contend with aleatory uncertainty (having to do with chance) It’s here that certainty programs are used to achieve compliance associated with buying-down risk that is reducible – those connected with epistemic uncertainty (lack of knowledge). Certainty programs create a second wing that truly balances corporate activities to keep businesses flying

Does your improvement process properly contend with uncertainty and risk? However, what makes the process proactive is the identification and assessment of uncertainty (the root Risk-based continuous improvement proactively contends with uncertainty and its effects on goal-directed It is triggered not by the presence of a problem but by the presence of uncertainty. It is applied to each process affected by uncertainty along with the processes that anticipate, assess

They are operating at the edge of uncertainty; one violation, one injury, one defect, or one mishap away Instead of operating at the edge of uncertainty, ethical and forward-thinking organizations operate in enabler of compliance outcomes, proactivity, and holistic improvements triggered by the presence of uncertainty

Welcome to the world of risk management, where narrow definitions often create blind spots and uncertainty TRM would act as an umbrella, encompassing all potential sources of uncertainty that can impact an organization's 31000 from my perspective, recognizes what is well known to many in high-risk industries which is that uncertainty Uncertainty creates the opportunity for risk independent of its effects. risk-based regulations mandate this approach and further define its natures : aleatory and epistemic uncertainty

The Game of Snakes and Ladders Risk as we now understand it is a manifestation of uncertainty which has The presence of uncertainty affects everything. All snakes contribute to the uncertainty of winning the game. of uncertainty on mission objectives. However, there were organizational hazards, uncertainties, and associated risk.

Risk Theory: Navigating Compliance in Uncertain Waters Risk Theory acknowledges that compliance is not It recognizes that businesses must be resilient and adaptable in the face of uncertainty and risk. risk measures to improve the probability that compliance outcomes will be achieved in the presence of uncertainty Applying them can help navigate uncertainty, build trust, streamline processes, and achieve compliance

of AI Governance: Governance must balance two types of terrains: order (predictability) and chaos (uncertainty safety and security protocols) and lampposts (e.g., transparency and fairness measures) to navigate uncertainty This requires more than reactive compliance; it demands proactive governance methods tailored to the uncertainties

Risk-based thinking is a mindset (perception, personas, perspective) to proactively improve the certainty This capability helps organizations succeed in the presence of uncertainty. thinking a habit rather than an afterthought, you'll create competitive advantage in an increasingly uncertain

Know how to estimate uncertainty, identify risk, build a risk register, use a bow-tie analysis (or further elaboration for those who want to master risk management: Further development of the role that uncertainty This requires a more thorough discussion on the nature of uncertainty, cause/effect models, and working Worked examples or exercises would be beneficial with respect to developing risk plans, estimating uncertainties