It is crucial to monitor that the AI system that fulfilled the Trustworthy AI requirement at launch, continues to do so over time. We call this “Ethical Maintenance”.
Use existing or define frameworks considering operational, financial, and reputational risk;
Perform the risk assessment of AI and identify the “opportunity cost of harm” for the organization (cost, revenue loss);
Determine the appetite of the organization for that risk in terms of money and conclude an appropriate budget level from a risk/benefit view;
Based on that assessment use this budget for an inspection of the AI asset in an RCM approach;
After inspection, feedback results, and potential impact and the likelihood of AI failures, e.g., false positives on the economic result;
Assess whether the current budget and depending factors are sufficient to manage the potential “opportunity cost of harm” and derive if further benefits/mitigations can be realized by expanding the inspection budget.
With Z-Inspection® we want to help to establish what we call a Mindful Use of AI (#MUAI).
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