India, April 23 -- Your company is likely thinking about, evaluating or implementing some form of AI, but is your risk management function equipped to handle it? Likely not, because it probably hasn't considered what could possibly go wrong with a self-learning system.

"It's no longer just about technical people sitting in a room looking for software bugs, but conscious thinking about where and how I'm using AI and machine learning. Am I comfortable with that? How should we be doing that?" said Steven Mills, associate director of Artificial Intelligence and Machine Learning at global management consulting firm Boston Consulting Group.

Failure to focus on the potential risks -- and thinking only of the potential benefits -- is a classic ea...