Unlocking the Potential of AI Systems: The Case for a Risk Level Determination Tool within the OneTrust platform.

Artificial intelligence (AI) systems are becoming increasingly prevalent in various industries, from healthcare to finance to retail. While most standard AI systems present a relatively low risk level when it comes to data privacy, high risk systems are becoming a growing concern for organizations. High risk systems include those that assess candidates for a job, determine price discrimination or willingness to pay, or are implemented within a service or device already regulated by one of the 19 EU regulations in the world of product safety.

One of the key challenges facing organizations when it comes to high-risk AI systems is determining the risk level associated with these systems. This is a critical task, as it helps organizations prioritize their risk management efforts and ensure that they are effectively addressing the most significant risks.

OneTrust is a leading platform that offers a range of capabilities to help organizations assess and mitigate data privacy risks. However, it currently lacks a tool that specifically assists organizations in determining the risk level associated with high-risk AI systems. This is an area where OneTrust has the potential to further enhance its platform and provide even more value to its customers.

One potential approach for building a risk level determination tool into OneTrust's platform would be to leverage machine learning algorithms. These algorithms could be trained on a dataset of high-risk AI systems and their associated risks. The tool could then use these algorithms to analyze new high risk AI systems and provide a risk level determination based on the similarities between the new system and the systems in the training dataset.

Another approach would be to leverage the data mapping and risk assessment capabilities already built into OneTrust's platform. By using data mapping to understand where personal data is being collected, used, and shared within an organization, and risk assessment to identify and prioritize risks associated with high-risk AI systems, OneTrust could develop a risk level determination tool that provides a comprehensive view of the risks associated with high risk AI systems.

In addition to these technical considerations, it's also important to consider the user experience when building a risk level determination tool into OneTrust's platform. The tool should be easy to use and understand and provide clear and actionable recommendations for addressing identified risks.

In conclusion, determining the risk level associated with high-risk AI systems is a critical task for organizations. A tool that assists organizations in determining the risk level can help organizations prioritize their risk management efforts and ensure that they are effectively addressing the most significant risks. OneTrust's platform has the potential to further enhance its value to customers by building such a tool into its platform, leveraging machine learning algorithms and data mapping and risk assessment capabilities.