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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