Risk Management
Risk management is the process of identifying, assessing, and prioritizing risks to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities. In data science and artificial intelligence, risk management involves identifying potential risks associated with data collection, storage, analysis, and usage. This includes identifying potential biases in data, ensuring data privacy and security, and assessing the potential impact of data-driven decisions on individuals and society. Effective risk management in data science and artificial intelligence requires a combination of technical expertise, ethical considerations, and regulatory compliance.
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