In many people’s minds, artificial intelligence (AI) is associated with self-driving cars or anthropomorphic characterizations like C-3PO from Star Wars or HAL, the murderous computer in “2001: A Space Odyssey.” So when vendors start talking about using AI for TPRM, many people envision a scenario in which they give up user control of the system and put the technology in charge of the process. In fact, a practical and strategic approach to AI doesn’t replace human intelligence at all; it reflects, refines, and complements it, so that humans are more efficient at making better decisions that result in better outcomes.
This paper is intended to clear up some of the uncertainty about the use of AI in TPRM programs, including what it is, what it can and can’t do, and how you can successfully apply it to predict and mitigate third-party risk in your organization
