PwC AI Risk Framework
Pricing Details
Not Applicable (methodology/framework, not a commercial product). Cost for PwC services to implement the framework depends on the specific project.Features
AI Risk Identification, AI Risk Assessment, Risk Mitigation Strategies, AI Governance, Ethical AI Principles, Regulatory Compliance Assistance, Bias and Fairness Management, Transparency and Explainability Guidance, Robustness and Security Considerations.Integrations
Integrates at the process and policy level into existing company risk management systems.Preview
The PwC AI Risk Framework is not a software product but a methodology and set of guiding principles developed by the international audit and consulting firm PwC to assist organizations in identifying, assessing, and managing the risks associated with the adoption and use of artificial intelligence (AI) and machine learning (ML) technologies. With the increasing deployment of AI and the emergence of new regulatory requirements, such as the EU AI Act, risk management is becoming a critical aspect of responsible AI use. The PwC framework covers key areas of AI risks, including bias and fairness, transparency and explainability, robustness and security, as well as ethical and regulatory considerations. It helps organizations build an effective AI governance system, implement risk assessment processes at all stages of the AI system lifecycle (from development to operation), and develop risk mitigation strategies. While the exact "launch date" of the framework as a single document may not be fixed, as PwC continuously updates its approaches and publications in response to technological and regulatory developments, related materials and concepts have been actively presented by PwC since approximately 2020. The framework integrates not as software but at the process and policy level into a company's overall risk management system. Materials about the framework are available in PwC publications, webinars, and events dedicated to responsible AI and risk management. Platforms in the software sense are not applicable. The PwC framework is used by companies to improve the maturity of their AI governance practices and ensure compliance with requirements.