The advent of generative Artificial Intelligence (AI) has brought about a new cadre of governance challenges for organizations globally. As these firms consider incorporating generative AI internally, they must strike a delicate balance between fostering innovation and maintaining a responsible approach to handling enterprise data. This issue will be discussed comprehensively in an upcoming webinar titled “Balancing Offensive and Defensive Governance Strategies for Generative AI” to be held on November 15th, at 1:30 pm ET.
The objective of generative AI is to create unique content using data inputted into an algorithm. When driven by domain-specific data and assisted by human oversight, such AI can potentially be pivotal in fields such as knowledge search and management, research and development, and legal content generation. However, there is a risk that without adequate controls, generative AI, could lose necessary historical context and lack the breadth of knowledge to provide meaningful impact or even worse, violate data legislations and best practices. These are among the key considerations to be discussed in the mentioned webinar.
As with any organizational change, applying generative AI requires a well-rounded strategy. In this case, it generally encapsulates both offensive and defensive tactics. Offensive strategies are primarily centered around deploying AI to innovate and gain a competitive advantage. Conversely, defensive tactics focus on mitigating risks associated with AI application, such as breaches of data privacy and regulatory compliance.
In sum, the effective governance of generative AI, with a careful balance of offensive and defensive strategies, may offer concrete benefits to organizations, especially in processing and managing the enormous amount of data modern operations generate. The insight shared in the upcoming webinar is sure to offer valuable perspectives on this topic for legal professionals working in multinational corporations and law firms.