Risk Assessment
Risk assessment is the process of identifying, evaluating, and prioritizing potential risks or threats to an organization's assets, operations, or individuals. In the context of data science and artificial intelligence, risk assessment involves identifying potential risks associated with the use of data and algorithms, evaluating the likelihood and potential impact of those risks, and developing strategies to mitigate or manage those risks. This includes assessing the potential for bias or discrimination in algorithms, ensuring data privacy and security, and evaluating the potential impact of algorithmic decisions on individuals and society as a whole.
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