Risk Atlas Nexus: A System for Managing AI Risks

Abstract We present Risk Atlas Nexus, an open source system for governing AI risks. The system unifies several risk classification frameworks through a common ontology. Given an AI application use case (called an intent), the system estimates risks and associated mitigations that are linked to identified risks. The tool is designed to be incorporated in AI governance workflows where recommendations can be translated to business controls to cover risks arising from AI use in firms.