May 22, 2024 3:18 am
Key Risk Management in Overseeing Implementation of Innovative Technology

As the world becomes increasingly reliant on artificial intelligence (AI), it is crucial that organizations have risk managers involved in discussions and planning related to this technology. Elisabeth Case, a global product manager based in Chicago, emphasizes the importance of aligning everyone on the use and deployment of AI tools in a thoughtful manner.

Jaymin Kim, a senior vice president in Toronto, suggests that proactivity is key when it comes to identifying and addressing AI-related risks. Managers responsible for AI must take a risk management perspective to understand and transfer residual risks associated with the technology. Organizations need to have adequate oversight in place, ensuring that privacy controls and security measures are updated to prevent misuse of AI by employees.

Bob Wice, head of underwriting management in West Hartford, emphasizes the need for organizations to manage risks associated with AI usage. Privacy and security controls must be in place to prevent misuse of generative AI tools in the workplace. John Farley, a managing director in New York, highlights the importance of incorporating AI into cyber incident response plans to address potential deepfake incidents and mitigate damages effectively. Overall, involving risk managers in discussions and planning related to AI is critical for organizations to navigate the potential risks and implications of this technology effectively.

Involving risk managers ensures a broad view of potential exposures that individuals within specific disciplines may not see. This is especially important when it comes to discussing and understanding the implications of artificial intelligence (AI). Proactive measures should be taken by managers responsible for AI to understand and transfer residual risks associated with the technology.

Organizations need adequate oversight in place to ensure that privacy controls and security measures are updated to prevent misuse of AI by employees. Privacy controls should be implemented for generative AI tools used in the workplace. Moreover, incorporating AI into cyber incident response plans can help mitigate damages effectively.

It is essential that organizations navigate potential risks associated with artificial intelligence (AI) effectively. Involving risk managers is critical for achieving this goal as they bring a broader perspective on potential exposures than individuals within specific disciplines may see. Proactive measures should be taken by managers responsible for AI to understand and transfer residual risks associated with this technology.

In conclusion, involving risk managers in discussions related to artificial intelligence (AI) is critical for organizations navigating potential risks associated with this technology effectively. Proactive measures should be taken by managers responsible for AI to understand residual risks associated with this technology while updating privacy controls and security measures adequately.

As we become more dependent on artificial intelligence (AI), it’s vital that organizations have risk managers involved in discussions related to its implementation. Elisabeth Case emphasizes the importance of aligning everyone on how these tools are used while Jaymin Kim stresses proactivity when addressing AI-related risks.

Bob Wice highlights how privacy and security controls must be put into place for generative AI tools used at work while John Farley underscores incorporating these technologies into cyber incident response plans.

Overall, involving risk managers is crucial as they bring a broader perspective on potential exposures than individuals within specific disciplines may see while ensuring proactive measures are taken by those responsible for implementing these technologies.

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