Reigning in AI: Implementing & Communicating Critical Safeguards
AI holds tremendous potential yet with any exciting innovation, it comes with certain risks. Proactively addressing these threats is essential to ensure your business stays protected while innovating for value. Here are some ways you can mitigate those risks:
Identify Potential Weaknesses: Many are aware of the alarming new cyber security threats AI poses, yet businesses should prepare for more mundane failures. As with any new technology, critical failures can occur - ensuring you have ways to mitigate failure is crucial.
Stay Updated on Regulatory Changes: AI policies have already gone into place in the EU, and while legislation is known for slowing down innovation, don’t let rapidly changing rules surprise you. Ensure your compliance office regularly verifies your AI applications adhere to the latest regulations.
Communicate AI Safeguards: Stakeholders want to know their investments are safe - so make sure your company communicates safeguards to ease their minds.
Need help increasing your company’s visibility in the US or Canada? Reach out to Graham Farrell (Graham.Farrell@Harbor-Access.com) [in Canada] or Jonathan Paterson (Jonathan.Paterson@Harbor-Access.com) [in the US] to start a conversation.
