What is the primary aim of risk assessments as per the EU AI Act?

The primary aim of risk assessments according to the EU AI Act is to identify and mitigate potential risks. The EU AI Act emphasizes the importance of assessing the potential risks associated with AI systems, particularly those that are classified as high risk. By conducting thorough risk assessments, organizations can pinpoint specific vulnerabilities and hazards that could arise from the use of AI technologies. This process not only enables organizations to understand the scope and impact of these risks but also guides the implementation of appropriate measures and controls to minimize or eliminate them.

The focus on identifying and mitigating risks aligns with the EU's broader goals of ensuring that AI systems are safe, ethical, and respect fundamental rights. This is crucial in fostering trust in AI technologies among the public and stakeholders. By prioritizing this aspect, the EU aims to promote responsible AI development and deployment, which is essential for the long-term success and acceptance of AI solutions in society.