Artificial Intelligence: NIST Risk Management Framework and Guidance Addressing Bias in AI

As more and more companies are developing and/or utilizing artificial intelligence (AI), it is important to consider risk management and best practices to address issues like bias in AI. The National Institute of Standards and Technology (NIST) recently released a draft of its AI Risk Management Framework (Framework) and guidance to address bias in AI (Guidance). The voluntary Framework addresses risks in the design, development, use, and evaluation of AI systems. The Guidance offers considerations for trustworthy and responsible development and use of AI, notably including suggested governance processes to address bias. The Framework and Guidance will be useful for those who design, develop, use, or evaluate AI technologies.