Associate similar risk events

Train a similarity solution definition that uses machine learning by activating the Governance, Risk, and Compliance: Predictive Intelligence plugin. The solution enables the system to display similar risk events automatically.

The Governance, Risk, and Compliance: Predictive Intelligence plugin uses Artificial Intelligence (AI) and Machine Learning (ML) to manage the risk events more efficiently. You can identify similar risk events and group them to capture and analyze the actual impact of the risk event.

For example, in an organization with operations in multiple locations, the risk event teams across different locations may be working on similar types of risk events. This challenge results in duplicate efforts to manage the risk events within the organization. This capability reduces the manual effort in managing similar risk events and improves overall organizational efficiency.

You can associate similar risk events only when the main risk event is in the Analyze state. Also, the Associate risk event button is unavailable for similar risk events that are in the New or Rejected state.

The platform machine learning administrator (ml_admin) can create a solution definition and modify an existing one. You can navigate to Risk Events > Administration > Properties to update the risk event property with the new solution definition name.