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In the rapidly evolving digital landscape, Artificial Intelligence (AI) has become a game-changer for businesses worldwide. However, with the increasing reliance on AI, trust has emerged as a critical factor. This article explores the key risks associated with AI and the measures needed to mitigate them, thereby building trust in an AI-driven world.
Understanding the potential risks in AI is the first step towards building trust. These risks can be categorized into seven key areas:
To mitigate these risks, businesses need to focus on several key areas:
In conclusion, building trust in an AI-driven world requires a comprehensive understanding of the potential risks during the whole AI-Lifecycle and a strategic approach to mitigate them. By focusing on human involvement, robustness, fairness, security and privacy, and governance, businesses can effectively navigate the AI landscape and harness its full potential.
This content is based on a panel discussion Yan Borboën had at the Trust Valley Trust & AI Forum in Lausanne, 21.09.2023. A big Thank You to Roman Dykhno, Senior Solution Engineer at Salesforce, Athanasios Giannakopoulos, Engagement Director at Unit8 SA and Hugo Flayac, PhD, Co-Founder & CEO, csky.ai for the great discussion!
If you would like to learn more on how to mitigate risks while implementing responsible AI-supported solutions in your company, please feel free to reach out to us. We help you along all stages: From strategy (definition of the use case) to execution and finally, the monitoring of the AI.