Internet of Things (IoT) together with ubiquitous connectivity through 5G, pervasive systems, as well as increased productivity and scale through emerging AI-assisted and data-driven enabled technology and cloud infrastructure, present far-reaching opportunities for businesses. However, the growing complexity, pace and scale of global interconnectivity will present organisations with increasing systemic digital threats and challenges in risk management. The shockwave effects of the COVID-19 pandemic put the need for resilient risk management into sharp perspective.
The ability of AI to analyse large amounts of information substantially improves the identification of data relevant for risk management. Specific use cases include threats analysis and management, risk reduction, fraud detection, and data classification. AI and predictive analytics are powerful tools in the arsenal of any risk management strategy and offer exciting prospects. AI, however, also brings new risks and manifests those risks in perplexing ways that is hard to ignore, e.g., AI's disruptive and, sometimes, disorderly capabilities. AI-related risks need to be a primary concern and a key priority for organizations to adopt and scale AI applications and to fully realize the potential of AI. Effective risk management hinges on establishing a trustworthy AI foundation and the construction of trustworthy AI systems will become paramount as AI becomes more prominent across the globe.
Currently, there is significant interest in trustworthy AI from the AI community and its stakeholders. Trustworthy AI represents the evolution of AI, and offers opportunities for industries to create AI systems that are transparent, explainable, fair, robust, and preserve privacy (the so-called five pillars of trustworthy AI representing important factors in establishing reliable technology), especially in high-risk and safety-critical applications.
The 1st International Workshop on “Trustworthy AI for the Future of Risk Management” (TAI-RM2022) will be held on 14th June, 2022 at Belfast, Northern Ireland, UK. The local organizer of the first TAI-RM 2022 workshop is Artificial Intelligence Research Center (AIRC) from the School of Computing, Ulster University, Belfast, Northern Ireland, UK. This is also a joint event associated with the IEEE SMC (System, Man and Cybernetics) Ireland Chapter 28 Annual Workshop.
The TAI-RM 2022 workshop aims to bring together academic researchers, industry practitioners, regulators and stakeholders to share their latest results, gather new problems, explore the deep understanding of trustworthy AI, understand the implications of trustworthy AI for existing risk management practices and the broader regulatory context, discuss the foundations in the design of every AI system in terms of those 5 pillars, the practical challenges associated with the implementation of the state-of-art trustworthy AI methods, as well as discuss the key opportunities and focus areas within trustworthy AI to face the unique challenges in the future of risk management in different areas, especially in IoT area.
We invite AI researchers and practitioners in NI, the UK and the rest of the world, as well as related research disciplines and industry, to join us. This one-day workshop is proposed to be highly interactive and collaborative, and focus on a lively discussion after the presentation, which can be conducted physically or virtually, to foster new ideas and gather feedback. The workshop will include several sessions: invited keynotes session, regular sessions with invited talks, along with a round table discussion session.
The workshops will take place in a hybrid mode (physical and virtual mode) based on the current situation with COVID-19.