Risk is the combination of the likelihood of an adverse event and the severity of its potential harm. In AI governance, risk may relate to impacts on health, safety, fundamental rights, people, organizations, society, or the environment.
Risk is the likelihood of adverse impact on people, the environment and society.
The combination of the probability of an occurrence of harm and the severity of that harm.
A side-by-side comparison of Risk and Harm. It explains how a likelihood-and-severity assessment differs from the adverse effect experienced by a person, group, organization, or system.