AI (Chat GPT and others) should not be relied upon to create a definitive risk register. Drafting insightful risk statements requires real time, intimate knowledge of the business. Also, privacy concerns come to mind. But things are changing...
AI agents are being created to take on ever more specialized tasks, customized to the organization. This means AI will get progressively closer to competence in writing insightful risk statements, and in playing other roles in the ERM regime.
I can see the risk manager devising an AI-supported process, with human oversight.
* * *
Businesses must discover, at the planning stage, the ways in which AI can revolutionize various aspects of the business. Start-ups can disrupt existing businesses.
I have a Mindvalley membership (personal growth and entrepreneurship website). Note: they have a podcast. A workshop coming up Mar 20-22 called AI Summit 2026 will address how to use AI in business. The seminar is open to everyone. I list the topics here so the reader may, if desired, create prompts to do further independent research:
1. AI agent can perform like a sales team
2. Market research without focus groups
3. Create AI version of oneself to help more people
4. Turning long form content into short clips
5. Building platforms without dev team
6. Eliminate customer service queues
7. Solo founders run high revenue businesses -- alone
8. Automate content marketing
9. Close deals with AI-written proposals
10. AI in human roles: e.g., relationship coach
The Mindvalley CEO says the experts involved in the seminar “started in the same place most people are today: curious about AI; experimenting with tools; trying to figure out what’s possible.”