Risk Management » Balancing Generative AI Opportunities and Risks in the Workplace

Balancing Generative AI Opportunities and Risks in the Workplace

Balancing Generative AI Opportunities and Risks in the Workplace

December 12, 2023

Generative AI tools like ChatGPT are becoming more accessible and popular among employees. However, companies are facing challenges in integrating them into workflows effectively. While some firms are considering creating policies, a significant number of workers are already using these tools without waiting for official approval. According to an article in Risk Management, 57% of American employees have tried ChatGPT, and 16% use it regularly at work.

Despite the potential benefits, there is a lack of awareness among users about the risks associated with generative AI. Employees may inadvertently expose sensitive information to these tools, creating data security concerns. Generative AI retains information entered into the system, posing a perpetual risk if sensitive data is disclosed. This information could be accessed by other users, including competitors, potentially leading to intellectual property disputes.

Data security risks also extend to the possibility of breaches in the tools’ infrastructure. Past incidents, like ChatGPT being taken offline due to a bug, highlight the need for robust security measures. Additionally, generative AI can be exploited by threat actors for more sophisticated cyberattacks, combining natural language processing with deep-fake and voice recreation technologies.

To tackle the challenges related to generative AI, education and awareness play a vital role. Companies need to invest in training programs to help employees understand the capabilities of generative AI and its potential risks. It’s also crucial to establish clear policies and procedures for the use of generative AI. Shockingly, only 17% of workers report that their companies have a clear policy regarding ChatGPT use. These policies should be customized based on the industry, data governance, and organizational structure. Different teams such as information security, legal, privacy, operations, human resources, and compliance should be involved in developing these policies.

Regular reviews of AI policies and ongoing training sessions can keep employees informed about the evolving technology trends and capabilities. In conclusion, proactive steps in policy development, education, and communication are crucial for organizations to navigate the opportunities and risks associated with generative AI effectively.

Read full article at:

Share this post: