Current approaches to automated UI testing are broken because regression testing is not testing; regression testing is version control of the behavior of the system. The goal is functional consistency. The regression test ensures that, after a change to the software, the unchanged parts still work the same as before. This realization makes creating and maintaining tests much more efficient.
Rajnish Mehta writes that test teams need to have a scientific way to support the business need of shipping a product out the door. Risk-based testing is a practical approach for test teams to utilize as it allows them to think from a business perspective.