{"id":6305,"date":"2024-02-27T15:02:39","date_gmt":"2024-02-27T20:02:39","guid":{"rendered":"https:\/\/www.stratospherenetworks.com\/blog\/?p=6305"},"modified":"2024-02-27T15:02:39","modified_gmt":"2024-02-27T20:02:39","slug":"6-major-ai-risks-and-how-to-mitigate-them","status":"publish","type":"post","link":"https:\/\/www.stratospherenetworks.com\/blog\/6-major-ai-risks-and-how-to-mitigate-them\/","title":{"rendered":"6 major AI risks and how to mitigate them"},"content":{"rendered":"

\"ADo the benefits of AI outweigh the risks?<\/p>\n

Most CEOs surveyed (78 percent) agree that the advantages of deploying artificial intelligence overshadow the hazards, according to Gartner<\/a>. However, it\u2019s undeniable that there are possible downsides to deploying AI.<\/p>\n

If you\u2019re a business leader who\u2019s already leveraging AI or if you plan to do so soon, you must understand the potential drawbacks and how to combat them. Here are six significant AI risks you should be aware of and steps you can take to mitigate them.<\/p>\n

1. Environmental harm.<\/h2>\n

In 2023, Gartner\u2019s CEO survey showed that environmental issues rank among chief executives\u2019 top 10 priorities for the first time in the survey\u2019s history, according to a Gartner press release<\/a>. However, while deploying AI is advantageous for businesses, it isn\u2019t beneficial for the environment: By 2030, Gartner predicts that AI could consume as much as 3.5 percent of the world\u2019s electricity.<\/p>\n

Business leaders should take action to compensate for the considerable amount of water and electricity AI investment will deplete, Gartner VP Analyst Pieter den Hamer advised in the release: \u201cExecutives should be cognizant of AI\u2019s own growing environmental footprint and take active mitigation measures. For example, they could prioritize (cloud) data centers powered by renewable energy.\u201d<\/p>\n

2. Employee misuse.<\/h2>\n

Leaders must identify adverse outcomes from the usage of generative AI and establish rules for employees concerning acceptable usage of the technology, according to Gartner<\/a>.<\/p>\n

For example, that could include prohibiting your staff members from feeding sensitive information into public AI solutions like ChatGPT, stated Stuart Strome, director of research in the Gartner Legal, Risk and Compliance Practice.<\/p>\n

3. Hallucinations and inaccuracies.<\/h2>\n

It’s also prudent to require human employees to review all AI-generated content to avoid publishing inaccurate material. For instance, CNET tested<\/a> an internally developed AI engine only to find that many of the stories it generated contained factual errors. The mistakes ranged from minor issues like vague language and transposed numbers to more significant problems like plagiarism that CNET’s checker tool didn’t flag.<\/p>\n

The bottom line is that you shouldn\u2019t send AI-written content out into the world unless a human edits and fact-checks it first.<\/p>\n

4. Perpetuation of biases on a massive scale.<\/h2>\n

AI learns to perform its designated functions by identifying patterns in large datasets. Subsequently, flawed data fed can result in biased programs, according to the TechTarget article \u201c15 AI risks businesses must confront and how to address them<\/a>.\u201d<\/p>\n

Prejudiced actions also have the potential to make more of an impact coming from artificial intelligence than humans due to the higher productivity levels of AI, the TechTarget article explains. For example, in the time it would take a human employee to make the same error during a dozen interactions, an AI system could perform the misstep millions of times. Companies must create policies that require ongoing monitoring to identify and combat biases in AI systems.<\/p>\n

5. Compliance issues.<\/h2>\n

Regulatory bodies worldwide are considering laws that pertain to the usage of AI. In the U.S. alone, numerous states have introduced artificial intelligence legislation, according to the National Conference of State Legislatures<\/a>.<\/p>\n

Companies will need to maintain awareness of new regulations as they take effect and adjust their AI strategies to ensure compliance, according to TechTarget. If you aren\u2019t already routinely reviewing your AI solutions (including artificial intelligence embedded in solutions and services purchased from third-party providers), you should do so periodically to make sure they don\u2019t violate AI regulations.<\/p>\n

6. Information security risks.<\/h2>\n

Aside from helping cybercriminals supercharge phishing campaigns<\/a>, generative AI tools that collect data via queries create new data breach risks, according to the Built In article \u201c12 Risks and Dangers of Artificial Intelligence (AI)<\/a>.\u201d For instance, a ChatGPT bug allowed some users to view titles from others\u2019 chat histories last year.<\/p>\n

As mentioned earlier in this blog entry, it\u2019s wise to create policies that prohibit feeding proprietary and sensitive data to artificial intelligence solutions.<\/p>\n

Ultimately, business leaders must achieve an in-depth understanding of the risks associated with AI and craft policies and controls to mitigate them. As artificial intelligence continues to evolve, so will the potential pitfalls.<\/p>\n

If you want to explore AI solutions for businesses<\/a>, we have a range of best-in-class solutions in our portfolio. Our technology advisors<\/a> can utilize the latest market data and advanced analytical tools to help you narrow down your options. We typically save our clients dozens of hours by leveraging our resources and expertise to rapidly select the top 3 to 5 solutions that align with their needs and goals.<\/p>\n

We’re also offering a free AI assessment if you’re feeling pressure to deploy AI but need help figuring out where to begin.<\/p>\n

Start your AI journey today by calling 877-599-3999 or emailing sales@stratospherenetworks.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Do the benefits of AI outweigh the risks? Most CEOs surveyed (78 percent) agree that the advantages of deploying artificial intelligence overshadow the hazards, according to Gartner. However, it\u2019s undeniable that there are possible downsides to deploying AI. 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