This article by Ryan Donnelly was originally published on the Tech Talent Canada website here

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The potential of AI technology is that it’s likely going to touch all aspects of our lives in ways that we can’t even imagine at the moment. But, whenever there’s a technology that has that kind of impact, it comes with equal levels of risk.

Earlier this year, Australian government workers fed grant applications into generative AI tools, including ChatGPT, to generate assessments of each one, which critics say could infringe on applicants’ confidentiality and security. And in the U.K., a journalist was able to bypass Lloyds Bank’s voice security features using AI to access his own account. This is just a small sample of this year’s submissions to the AI Incident Database, which tracks examples of AI systems causing safety issues, discrimination or other real-world problems.

The fact is, this technology won’t have the transformational impact we want it to if companies don’t manage these risks. That’s why it’s so important for businesses that see opportunities to use AI to also develop policies around AI, and processes and systems, to ensure company-wide compliance.

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To learn how Ryan Donnelly helps businesses to make the most out of their AI, read the full article here