Using AI for Risk Management and Improved Business Resilience

This research paper examines the use of artificial intelligence (AI) in risk management and business resilience. The study explores the current state of AI in risk management and its potential to enhance risk identification, assessment, and mitigation, thereby improving business resilience. The research adopts a qualitative approach by conducting a literature review of existing studies on AI in risk management and business resilience. The review reveals that AI has the potential to improve decision-making, increase efficiency, and enhance the accuracy of risk assessments. The paper also highlights the challenges associated with the integration of AI in risk management and provides recommendations for organizations to overcome these challenges. The results show that AI can play a crucial role in improving business resilience by providing real-time information and insights, enabling organizations to identify and mitigate risks effectively. The study concludes that AI can provide organizations with the ability to identify and address risks in a timely manner, thereby improving overall business resilience.