ISO/TS 31050:2023

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ISO/TS 31050:2023 is a technical specification that provides guidelines for the use of artificial intelligence (AI) in risk management. It is part of the ISO 31000 family of standards, which are focused on risk management principles and guidelines. Specifically, ISO/TS 31050:2023 is designed to help organizations understand how to apply AI tools and techniques to support and enhance their risk management processes.

ISO/TS 31050:2023 provides organizations with a structured framework to effectively integrate AI into their risk management practices. By leveraging the power of AI, organizations can enhance their ability to identify, assess, and mitigate risks, leading to faster, more informed decision-making and improved risk resilience. The technical specification also emphasizes the importance of maintaining ethical standards and governance in AI applications, ensuring that AI usage remains transparent, fair, and accountable within the risk management process.