AI Conceptual Risk Analysis Matrix (CRAM)

AI advances represent a great technological opportunity, but also possible perils. This paper undertakes an ethical and systematic evaluation of those risks in a pragmatic analytical form of questions for designers/implementors of AI-Based systems. We structure this dialog as Conceptual Risk Analysis Matrix (CRAM). We look at a topical case example in an actual industrial setting and apply CRAM. Conclusions to its efficacy are drawn.