While professionals in highly regulated sectors see the potential of generative AI (GenAI) to boost efficiency and innovation, concerns about safety, security, and responsible use remain. Trust is paramount as organizations seek solutions that leverage GenAI's capabilities while safeguarding sensitive data.
Professionals in highly regulated sectors including legal, tax and accounting, risk and fraud, and government regard generative AI with both optimism and caution.
The key issue is trust. Leaders need to know GenAI will fulfill its extraordinary capabilities and strengthening their strategy and decision making, while keeping their highly sensitive data under lock and key, the foundation of any professional-grade solution. Many professionals cite another factor in their enthusiasm: the inevitability that GenAI will proliferate. They believe organizations that don’t act quickly to experiment with the technology risk underperforming against their competitors or becoming obsolete. Perhaps that’s why almost half of professionals plan to use GenAI in their own work within the next three years, regardless of whether their employers have adopted it officially.
Professionals are rightly concerned about data privacy. The invaluable proprietary and confidential data they need to build robust and effective large language models must remain confidential and secure, and must uphold laws and regulations as they evolve in real time.The underlying issue around GenAI among those who have adopted it and those who haven’t comes down to trust.
Generative AI Regualted Sectors Trust Security Innovation
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