RAW@AI: A revolutionary AI toolset for risk management professionals
December 27, 2024 10:12 PM EST | Source: Year of Risk Awareness
Santa Venera, Malta–(Newsfile Corp. – December 27, 2024) – Risk Academy Ltd, leader in innovative risk management solutions and winner of the FERMA Training and Education Platform of the Year 2024 nomination, proudly announces the launch of RAW@AIa revolutionary set of AI tools designed specifically for risk management professionals. This comprehensive toolset is designed to improve decision-making processes by integrating advanced methodologies and insights from neuroscience, probability theory, and practical case studies.
Presentation of RAW@AI: transforming risk management with artificial intelligence
THE RAW@AI The suite includes several powerful tools, each designed to meet the diverse needs of risk professionals. The main assistant, RAW@AIoffers expert advice on methodologies, risk identification and quantitative risk analysis. It is designed to promote decision-centric risk management (RM2), enabling users to approach risks from a business decision-making perspective and apply quantitative methods to real-world challenges.
Complementing the Master Wizard, the Risk Policy Generator ensures that risk policies are aligned with organizational objectives and compliant with ISO31000 and COSO ERM standards. This tool integrates policies into existing business processes, making risk management an essential part of decision-making.
The Risk Description Generator helps develop detailed risk descriptions for reporting and business cases, ensuring they reflect actual loss events and identify root causes. Meanwhile, the Risk Mitigation Builder helps users brainstorm effective mitigation strategies by breaking down risks into potential root causes and exploring real-world case studies.
Additionally, the Identify Risks tool leverages AI to identify relevant risks based on context, industry and location. Trained on over 200 Risk Awareness Week conferences and over 1,000 RISK-ACADEMY articles, these models represent the pinnacle of AI-driven risk identification.
“RAW@AI represents a significant step forward in the way risk management is approached,” said Alex Sidorenko, CEO of Risk Academy Ltd. “By harnessing the power of AI, we are empowering professionals to make more informed decisions, ultimately leading to better outcomes. for their organizations.
Risk Academy Ltd continues to challenge conventional methods of risk management, delivering innovative solutions that integrate risk analysis into decision-making, planning and performance management. The launch of RAW@AI highlights the company’s commitment to advancing the field of risk management through cutting-edge technology and evidence-based practices.
The AI models are based on RAW2024 materials, which were named winners of the FERMA Training and Education Platform of the Year 2024 nomination.
About Risk Academy Ltd
Risk Awareness Week is an annual event that brings together experts and professionals from around the world to discuss cutting-edge approaches to risk management. The event focuses on practical, evidence-based techniques, highlighting the latest insights in probability theory, decision science and neuroscience. Unlike traditional risk management conferences, Risk Awareness Week challenges conventional methods such as risk matrices and heat maps, promoting more advanced and effective strategies for integrating risk analysis into risk management. decision-making, planning and performance management. This is a unique opportunity for participants to gain practical knowledge and network with thought leaders in the field.
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