AI Risk & Governance Glossary

A definitive, searchable resource for AI governance and compliance terminology.

Browse & Search Terms

Operations

A/B Testing

An experimental method comparing two versions of a system (A and B) on a random subset of users to determine which performs better.

Ethics

Accountability

The principle that individuals and organizations can be held responsible for decisions made by AI systems they deploy, and must be able to explain those decisions to affected parties.

Model Security

Adversarial Attack

An attempt to manipulate or deceive an AI model by deliberately crafting inputs designed to cause misclassification or unintended behaviour.

Governance

AI Safety

The field of research and practice focused on ensuring AI systems behave as intended, avoid unintended harms, and remain aligned with human values.

Ethics

Algorithmic Fairness

The principle that machine learning systems should treat individuals or groups equitably, not systematically disadvantaging people based on protected characteristics.

Governance

Audit Trail

A complete, timestamped record of actions taken by an AI system and the decisions made, enabling post-hoc review and accountability.

Evaluation

Confusion Matrix

A table showing predicted vs. actual values for a classification task, enabling calculation of metrics like precision, recall, and false positive/negative rates.

Ethics

Consent and Transparency

The principles that individuals affected by AI systems should be informed about their use, understand how they work, and have choice in whether to participate.

LLM Architecture

Context Window

The maximum length of text (measured in tokens) that a language model can consider at once when generating responses.

Governance

Control Objective

A specific, measurable statement of what a control is meant to achieve against a named risk. It describes the outcome, not the mechanism — and it is only useful if a failure to meet it would be detectable.

Model Security

Data Poisoning

An attack in which an adversary deliberately injects false, misleading, or malicious data into a training dataset to compromise model performance or introduce hidden vulnerabilities.

Data & Training

Data Quality

The degree to which data is accurate, complete, consistent, and representative of the phenomena it purports to measure.

Advanced AI

Differential Privacy

A mathematical framework ensuring that algorithms protect individual privacy by adding carefully calibrated noise, making it impossible to infer whether a specific individual's data was used.

LLM Architecture

Embedding

A numerical representation of text, images, or other data in a high-dimensional space where similar items are positioned close together.

LLM Behavior

Emergent Capabilities

Abilities that appear in AI models at certain scales but were not explicitly trained for, suggesting complex behaviors arising from scale alone.

Compliance

EU AI Act

European Union legislation that classifies AI systems by risk level and imposes requirements on high-risk applications, including impact assessments, documentation, and human oversight.

Compliance

Explainability

The ability to give a person an account of why a system produced a particular output, in terms they can act on. Explainability is a property of the account and its audience, not of the model — an opaque model can be explainable, and an interpretable one can fail to be explained.

Compliance

Fairness & Bias

The principle and practice of ensuring AI systems do not produce systematically different outcomes for individuals or groups based on protected characteristics or vulnerable attributes.

Advanced AI

Federated Learning

A machine learning approach where models are trained across decentralized data sources without centralizing sensitive data in one location.

LLM Usage

Fine-Tuning

The process of adapting a pre-trained model to a specific task or domain by training it on a smaller, task-specific dataset.

Governance

Governance Framework

A structured set of policies, roles, and controls designed to guide organizational decision-making and oversight of AI systems.

LLM Risks

Hallucination

Output that is fluent, confident and false. It arises from the same mechanism that produces correct output — a model predicting plausible continuations — which is why it is best understood as a property of the technology to be bounded rather than a defect to be fixed.

Governance

Human-in-the-Loop (HITL)

A design pattern where human judgment and decision-making are retained in the process, with AI providing recommendations or automating parts of a workflow but not full autonomy.

Ethics

Impact Assessment

A systematic evaluation of the potential positive and negative effects of deploying an AI system on individuals, communities and society. Distinct from a data protection impact assessment, which examines the lawfulness of the data processing rather than the consequences of the decision.

Operational

Incident Response

A structured process for detecting, assessing, containing, and resolving adverse events involving AI systems, such as model failure, security breach, or fairness harm.

Compliance

ISO/IEC 42001

International standard for AI management systems, establishing requirements for organizations to manage risks and opportunities associated with AI systems.

LLM Safety

Jailbreak

A technique for inducing a language model to produce output that its safety training was intended to refuse. It targets the model's alignment rather than any particular application, and works substantially the same way wherever that model is deployed.

LLM Fundamentals

Large Language Model (LLM)

A deep learning model trained on vast amounts of text data, capable of understanding and generating human-like language across diverse topics.

AI Fundamentals

Machine Learning

A subset of artificial intelligence where systems learn patterns from data without being explicitly programmed for every scenario.

Governance

Model Card

A document detailing the capabilities, limitations, intended use cases, performance metrics, and known risks of a machine learning model.

LLM Risks

Model Collapse

A phenomenon where training language models on synthetic data generated by other language models leads to degradation of model quality and diversity over successive generations.

Operations

Model Deployment

The process of putting a trained AI model into production where it makes real-world predictions or decisions affecting users or business outcomes.

Model Security

Model Drift

A change in the relationship between a model's inputs and the environment it was fitted to, such that the model's assumptions no longer hold. The model itself is unchanged; the world it was trained on has moved.

Transparency

Model Interpretability

An intrinsic property of a model: the degree to which a person can understand the mechanism by which it turns inputs into outputs. A linear model or a shallow decision tree is interpretable by construction. A deep network is not, however good an explanation you can construct for it afterwards.

Operational

Model Monitoring

Continuous observation of a deployed model inputs, outputs, performance metrics, and behaviour to detect degradation, drift, misuse, or security anomalies.

Operations

Model Versioning

The practice of recording which model, trained how and on what, was deployed when — enabling comparison, rollback and reproducibility. For systems built on models the organisation did not train, it extends to versioning the surrounding assembly, since that is the only part it controls.

Advanced AI

Multimodal AI

AI systems that process and integrate multiple types of data (text, images, audio, video) to understand and respond to the world.

AI Fundamentals

Neural Network

A computational model inspired by biological neurons, consisting of interconnected layers of artificial nodes that learn to recognize patterns.

Compliance

NIST AI Risk Management Framework

A U.S. framework providing guidance on managing risks in AI systems across four functions: Map, Measure, Manage, and Govern.

Evaluation

Performance Metric

A quantitative measure of how well an AI model or system performs on a task, such as accuracy, precision, recall, F1 score, or domain-specific measures.

Operations

Performance Regression

A decline in model performance over time, typically caused by data distribution shifts, concept drift, or changes in the environment.

LLM Usage

Prompt Engineering

The practice of crafting and refining prompts to guide language models toward desired outputs, treating the prompt itself as a design problem.

LLM Security

Prompt Injection

An attack in which untrusted content reaching a language model is interpreted as instructions rather than data, causing the model to act on an attacker's intent instead of the operator's. It is a property of how the application assembles its context, not a flaw in any particular model.

LLM Architecture

Retrieval-Augmented Generation (RAG)

A technique where an LLM retrieves relevant documents or data before generating a response, grounding outputs in actual information rather than relying on training data alone.

Governance

Risk Appetite

The level and types of risk an organisation is willing to accept in pursuit of its strategic objectives. Applied to AI, a single organisational posture is rarely enough — appetite has to be set separately across distinct risk dimensions and tiers of decision consequence.

Data & Training

Synthetic Data

Artificially generated data created by algorithms or models, used as a substitute for or supplement to real data in training and testing.

Evaluation

Testing AI Systems

Systematic evaluation of AI models and systems to verify they perform as intended, identify failure modes, and assess risks.

Supply Chain

Third-Party Risk

The exposure an organisation carries through dependencies on external parties who build, train, host or operate the AI systems it uses. In AI the exposure is characteristically deeper than the contract: beneath most vendors sits a model provider, and beneath that an infrastructure provider.

LLM Architecture

Token

A unit of text that a language model processes, typically a word, subword, or character. Models operate on sequences of tokens, not raw text.

Data & Training

Training Data

The dataset used to train a machine learning model, from which the model learns patterns and relationships.

LLM Architecture

Transformer

A deep learning architecture that uses self-attention mechanisms to process sequences of data, foundational to modern large language models.

Compliance

Transparency

The disclosure of information about how an AI system is built, what it does, what it is used for, and what risks it poses, communicated to relevant stakeholders.