The AI Transformation Risk Model: Solutions where Benefits Outweigh Risks

Richard Fulton1, Diane Fulton2, Nate Haynes3 and Susan Kaplan3, 1Troy University, USA, 2Clayton State University, USA, 3Modal Technology, USA; Richard Fulton1, Diane Fulton2, Nate Haynes3 and Susan Kaplan3, 1Troy University, USA, 2Clayton State University, USA, 3Modal Technology, USA

The AI Transformation Risk Model: Solutions where Benefits Outweigh Risks

Authors

Richard Fulton¹, Diane Fulton², Nate Haynes³ and Susan Kaplan³, ¹Troy University, USA, ²Clayton State University, USA, ³Modal Technology, USA

Abstract

This paper summarizes the most cogent and recently-cited advantages and risks associated with Artificial Intelligence from an in-depth review of the literature. Then the authors synthesize the salient risk-related models currently being used in AI, technology and business-related scenarios. Lastly, in view of the most pressing issues and updated context of AI along with theories and models reviewed, the writers propose a new framework called "The AI Transformation Risk Model" to address the increasing fears and levels of risk. Using the model characteristics as a backdrop, the article emphasizes innovative solutions where benefits outweigh risks.

Keywords

Artificial Intelligence, Risk Benefit Models, AI Challenges, AI Advantages, Generative AI

CS&IT Conference Proceedings

The AI Transformation Risk Model: Solutions where Benefits Outweigh Risks