GenerativeAI is a top emerging risk for organizations for the 1st time in the quarterly GartnerLegal Emerging Risks survey. Read the press release here: ERM
that are relevant to assurance functions. In terms of managing enterprise risk, three main aspects must be addressed, according to Gartner experts:“Information entered into a generative AI tool can become part of its training set, meaning that sensitive or confidential information could end up in outputs for other users,” said Xu. “Moreover, using outputs from these tools could well end up inadvertently infringing the intellectual property rights of others who have used it.
It’s important to educate corporate leadership on the necessity for caution and transparency around the use of such tools so that intellectual property risks can be properly mitigated both in terms of input and output from generative AI tools.Generative AI tools may possibly share user information with third parties, such as vendors or service providers, without prior notice. This has the potential to violate privacy law in many jurisdictions.
If economic conditions deteriorate broadly, this may cause an unexpected drop in demand that could affect vendor viability or their ability to provide goods and services in a timely manner.
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