Suggest potential risks agentic workflow
Summarize
Summary of Suggest Potential Risks Agentic Workflow
The Suggest Potential Risks workflow leverages AI to efficiently identify and consolidate risks from various sources, replacing traditional manual risk discovery with a rapid, consistent, and data-driven approach. This workflow is enabled by default and is designed to remain compliant with evolving regulations and trends.
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Key Features
- AI-Powered Risk Identification: The Risk Suggestion AI Agent analyzes entities and compiles relevant risks into a reviewable list, enhancing the speed and accuracy of risk discovery.
- Comprehensive Risk Assessment: The workflow consolidates user input, internal data, and external sources to provide a thorough evaluation of potential risks.
- User-Friendly Interface: It includes a conversational assistant within the Now Assist panel, offering a simplified experience for risk managers.
- Accessibility: Requires installation of Now Assist for Integrated Risk Management (IRM) and the appropriate user role (sngrcsharegenai.risksuggestionaiagentuser) to utilize the AI features.
Key Outcomes
The workflow enhances risk management by:
- Accelerating risk discovery through automation and AI guidance.
- Ensuring updated risk assessments aligned with the latest regulations and industry standards.
- Improving efficiency by consolidating risk information into a single, actionable risk list.
- Providing an intuitive tool for users, facilitating easier identification and prioritization of risks.
The Suggest potential risks workflow uses AI to identify and consolidate risks from multiple sources. It replaces manual, workshop-based risk discovery with a faster, consistent, and data-driven process that stays current with new regulations and trends.
Suggest potential risks workflow overview
The Suggest potential risks workflow uses AI to identify and consolidate risks from multiple sources, streamlining discovery and providing a comprehensive, ready-to-triage risk list. It automates manual risk discovery processes, staying up to date with new regulations and trends, and eliminating duplication and inconsistencies. The Risk Suggestion AI Agent analyzes the entity and suggests relevant risks from various sources, consolidating them into a reviewable list. Risk managers can review the suggested risks, confirm their validity, and promote them to the risk register for further assessment and prioritization.
To use this feature, Now Assist for IRM and any Workspace must be installed. Users with sn_grc_sharegenai.risk_suggestion_aiagent_user role can use the conversational assistant embedded in Now Assist panel to discover risks.
The Suggest potential risks workflow supports the identification, evaluation, and prioritization of risks related to a specific entity. It combines information provided by the user, internal entity data, internal risk statement list, and relevant external sources to identify relevant risks for the entity.
- Directly related risks: List all risks that are directly associated with the entity.
- Suggested risks: List all risks suggested by the Risk Suggestion AI Agent.
- All risks: List all directly related risks and downstream risks.
Suggest potential risks workflow benefits
- Accelerates risk discovery by replacing manual, workshop-based identification with an AI-guided process.
- Keeps pace with evolving regulations and industry trends through continuous updates from internal, industry, and external sources.
- Improves efficiency by automatically pulling entity context and preparing a ready-to-triage risk list in one place.
- Simplifies user experience through an intuitive conversational assistant embedded in the Now Assist Panel.