Machine Learning in RM

In risk management (RM), machine learning is a technology that enables computers to analyze large amounts of data and identify patterns or trends. By learning from historical information, it helps assess potential risks, predict future events, and make more informed decisions. Instead of relying solely on fixed rules, machine learning adapts and improves its accuracy over time as it processes more data. This enhances risk evaluations in areas like finance, insurance, and security, providing faster, more precise insights that support proactive risk mitigation and better strategic planning.