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Emerging risks

The work moved. Did the understanding?

Operations reviews contracts. HR does Finance work. Bid teams generate commercial numbers. AI can change where work happens before the organisation has understood what the handoff protected. Customers, suppliers and competitors are changing their behaviour too.

Use capacity to question what has changed and explore the consequences before a confident assumption becomes an expensive commitment.

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Organization Science · Peer-reviewed field experiment; publication of earlier working paper

The study involved 758 consultants. On the within-frontier task set, AI users completed 12.2% more tasks and used about 25.1% less time; assessed quality improved. On the selected outside-frontier task, AI users were 19 percentage points less likely to reach the correct answer.

Specific consulting tasks and a historical GPT-4 configuration, not whole consulting engagements or enterprise capacity. Demonstrates why the work and its quality must be tested. The widely repeated 2023 'over 40%' figure referred to quality, not time released. The published article summarises quality/performance improvement as over 30%; avoid mixing versions.

video

Introduction to the NIST AI Risk Management Framework (AI RMF 1.0): An Explainer Video

NIST

Gives leaders a shared starting point for deciding who owns AI risks and what needs checking throughout a system’s use.

Listen or watch for: Who owns the risk after a tool moves from pilot to everyday use?

About this resource

An introduction to a voluntary US framework, not UK legal advice or a certification. NIST says the framework is being revised.

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