Generative AI Risk Assessment
The hype around AI is real. However, most people we speak with are unsure of the implications it may have on their business.
We’re here to help.
This AI risk assessment will help you both internally and when evaluating vendors with AI solutions.
Why your company should complete an AI risk assessment…
1. Understanding the risk level of adding new technology
When it comes to generative AI, it’s like opening a can of worms. You need to be careful nothing slips through the cracks otherwise it may negatively impact your company.
Using an assessment like this one will allow you to understand what level of risk (low, moderate, high) adding new AI software can have on your company.
2. Internal assessment of whether there is true justification for adding generative AI.
With generative AI being all the hype, some companies are adding risk without further evaluation.
With this generative AI risk assessment, you’ll ask your team questions like…
- What is the intended use case for generative AI?
- Have we communicated with customers that we will be incorporating generative AI services into our offerings?
- Do we need to amend contracts or Terms and Conditions to limit our liability resulting from the use of generative AI services?
- And many more!
3. Generative AI vendor questions and how to evaluate potential vendors.
This is the largest and could be argued as the most important part of the assessment. While you should have a good understanding of how AI will affect your organization internally, selecting the right vendor is a whole other challenge.
We dive into data privacy, model training, integrations, and legal and compliance questions.
If a vendor can’t answer these or if they don’t align with your company’s answers, then it’s time to move on and find another vendor.
Believe us, there is no lack of AI vendors during this time. But understanding the different types of AI and what your company needs is your best shot at finding the best vendor for you.