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The use of artificial intelligence: Ways to manage risks

Kamal Hossain Meahzi ( is pursuing an advanced masters in compliance at the University of Fribourg, Switzerland, and a practicing lawyer of the Supreme Court of Bangladesh.

The use of artificial intelligence (AI) in business is rising at scale. Its use received further importance in the last two years due to the COVID-19 pandemic. With the increase of AI use in various sectors, both the associated benefits and risks are getting highlighted. Businesses must acknowledge these risks to redefine their compliance plan before using an AI system in their business. This article is an attempt to identify some risks related to the use of AI. Based on these risks, a compliance plan is suggested to mitigate and/or monitor risks related to using and implementing AI.

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