97 How might artificial intelligence affect risk management?

There's a lot of talk about artificial intelligence (AI) these days, and how it might change the world in the near future. Can AI help us manage risk better? David's answer is Yes and No!

[@ahmednasser8769]

حلقة رائعة

[@Risk-Doctor]

Thank you Ahmed, I'm glad you liked this one.

[@Beatrice.Ndungu]

Great video

[@Risk-Doctor]

Thanks Beatrice

[@ebereikerionwu8906]

appreciate the effort

[@Risk-Doctor]

Thank you Ebere.

[@adrianazza4129]

Do you have any papers that talk about the Edinburgh research mentioned in the video?

[@Risk-Doctor]

Hi Adrian. Sorry, no I don't. This was in about 1988-1990, and all my records from then are long gone. There's quite alot of work these days on expert systems to assess clinical or health risk, and this paper (www.dai.ed.ac.uk/groups/ssp/psfiles/dave/hse1.pdf) describes use of expert systems in industrial safety, but we were looking at a much more generic approach. Perhaps we were just ahead of our time... ;-)

[@adrianazza4129]

@@Risk-Doctor Yes, definitely ahead of you time given when you were thinking about it. Thank you for the kind help, looking forward to watching more of your videos.

[@aljosja3353]

dear risk doctor, is your vision changed?

[@Risk-Doctor]

What an interesting question, thank you! I watched the video again and I still believe the same, but we've definitely moved on. This video was recorded in September 2018, and I say that I expect things to change in the near future, maybe in 2 years or 5 years or 10 years. We are now 6 years later, and things have definitely developed! I see some of the elements of intelligence emerging in the latest iterations of AI, and there are some attempts at regulation and building in safeguards, but with little consensus. Development of AI presents both threats and opportunities, and we need to be aware and prepared. In March 2023, the UN produced a report on "existential risk" which focuses on artificial intelligence and biotechnology as major drivers of accelerating change, so perhaps this will focus minds. This is a fascinating and important area - thanks for raising it. What do you think?