How to Implement an AI solution for Enterprise Risk Management? [Video]

Here is how to implement an AI solution for enterprise risk management.

1. Define the scope of your AI-powered ERM solution development project

Onboard a competent PM with experience in AI development projects. You also need a capable IT architect and a team of knowledgeable business analysts (BAs). Lead this team through the following activities:

• Identify the areas in your ERM process that you want to transform.
• Choose the ERM process steps where you will implement an AI-powered solution.
• Determine the SDLC model for your project. Use Agile since experts find that it’s helpful for AI development. Want to learn more about Agile? Check out our guide “What is software development life cycle and what you plan for?”.
• Analyze your requirements and finalize them. For this, you need to have intense discussions with the relevant stakeholders.
• You also need to finalize your “Minimum Viable Product” (MVP) scope.

Wondering how to …