A rising risk awareness Artificial Intelligence (AI) introduces a complex and multidisciplinary set of risk factors that demand new depth, expertise, and leadership from agency risk functions. Recognizing the urgency of these risks, the Office of Management and Budget (OMB) memorandum on Advancing Governance, Innovation, and Risk Management for Agency Use of Artificial Intelligence (M-24-10) (more…)

By: Joseph Lord, Deloitte & Touche LLP Enterprise Risk Management (ERM) programs commonly rely on an array of spreadsheets, presentations, manual processes, and siloed data to manage their program operations. For many ERM programs, this minimal technology infrastructure has met their start-up needs. However, this approach may not satisfy needs for long. As agencies are (more…)