The Need to Safeguard Use of AI

Artificial Intelligence, or AI, has become ubiquitous across all aspects of modern life, including every type of business.  Its ability to access and process information from an unlimited pool of knowledge and existing documents is staggering, but so are the potential shortfalls.

Businesses large and small are wise to develop clear and consistent policies on using this technology.  Some concerns that need to be considered include recognizing the uncertainty about who owns the AI-created content, as well as security and privacy concerns regarding proprietary or sensitive information. 

An AI usage policy should also acknowledge that the accuracy of AI-generated content cannot be relied upon with any certainty, as it may be outdated, misleading or even fabricated. 

Guidelines also could address reviewing AI-generated information for accuracy before relying on it for work purposes.  If a reliable source cannot be found to verify the accuracy of AI-generated information, for example, a policy would determine whether that information should be used.

AI promises to change how we work.  A well-researched, well-planned, and well-executed AI usage policy can help make sure that those changes remain positive and avoid the problems that otherwise may result. 

While insurance isn’t a fix for improper use of AI, cyber insurance should be a part of any business’ overall data security plan.  Contact The Reschini Group for ideas to how to best safeguard your business.

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The Reschini Group provides these updates for information only, and does not provide legal advice.  To make decisions regarding insurance matters, please consult directly with a licensed insurance professional or firm.