The many applications of AI for risk management

Mark Tyne19 Nov, 2021Technology

One of the main advantages of artificial intelligence is its ability to handle complicated datasets. There are no limits on the type of data that the system can analyse. Even with large volume data AI systems can make faster predictions and thus aid better decision making. The use of AI for risk management is based on such benefits. AI can help simulate a real world scenario with better accuracy using historical data. This comes in handy for better identification of threats and better risk management in the long run.