Muthu Chandra, Director, AI Engineering, Ascendion, wrote an article for Dataquest on November 3, 2023. In the article, Muthu shares ways that businesses can adopt generative AI through ethical management. The first step involves creating a governance plan, focusing on three key requirements: algorithm, data, and usage.
“Generative AI – every business wants to adopt it, but very few of them are sure of it. The most common question that every enterprise has – how safe is my data? How to ethically manage generative AI? What can I do to minimize risk in data security and vulnerabilities?
As in most technology adoptions – this can be managed by setting up a governance plan. Simply put, work on policies, processes, framework, and regulations to adhere to, set up independent review committee, assess, implement, and mitigate risks.”