AI: The Sharpest Tool in the Risk Manager's Toolbox!

Join Alex Sidorenko ‪@RISKACADEMY‬ as a guest for the last episode of Megrow 2024 podcast season.

We spoke about the great changes AI may bring to our profession, especially the quantification aspects.

Find all that ‪@megrow‬ is doing here: www.megrow.asia and www.megrow.ch

00:00 Introduction
00:24 Meet Alex
01:25 AI in Risk
03:50 AI Tools
11:11 Communication Challenge
13:54 SIP Math Explained
18:00 AI Demonstration
42:24 Final Thoughts

AI in Risk
Exploration of AI's potential to revolutionize risk management tasks traditionally done by teams.
Discussion on the non-linear, probabilistic world of risk management.

AI Tools
Comparison between public and corporate AI solutions and the existing innovation gap.
Explanation of integrating risk analysis into Excel for project and budget planning.

Communication Challenge
Difficulty in bridging the knowledge gap between risk teams and executives.
Use of AI to refine communication for board presentations.

SIP Math Explained
Overview of using the SIP Math standard to integrate risk into decision-making.
Transition from deterministic to stochastic planning in business models.

AI Demonstration
Showcase of Alex's risk AI platforms, including risk identification and controls.
Interactive tools developed for efficient risk management processes.

Final Thoughts
Emphasis on AI's role in conducting analysis otherwise impossible without large teams.
Opportunity for risk management professionals with evolving tools to address complex challenges.

Conclusion
Encouragement to leverage AI-driven tools for enhancing societal and organizational decision-making.
Insights on AI transforming traditional risk assessment methods and the broader landscape.

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