International perspectives on Responsible AI
1 Altimet Security, India Abstract According to the world economic forum, AI is expected to add $15 trillion to the world’s economy by 2030. In particular, Gen AI could add $60-$110 billion annually in the pharma and healthcare industry. The huge productivity gains and economic growth potential are driving the adoption of AI worldwide. At […]
Shadow AI- Navigating the Unseen Risks in Cybersecurity
The Ever-Shifting Cybersecurity Landscape and the Rise of Shadow AI The world of cybersecurity is a battlefield in constant flux. Chief Information Security Officers (CISOs) are like generals, tirelessly strategizing against ever-evolving threats. Now, a new enemy has emerged from the digital mist: Shadow AI. What is Shadow AI? Imagine a scenario where […]
The Impact of Shadow AI on Banking and Fintech: Compliance, Security, and Ethical Considerations of AI Governance
Introduction Gen AI could add $200-$340 billion annually in the banking industry. The fintech industry has been revolutionized by the advent of generative artificial intelligence (AI), enhancing everything from fraud detection to personalized financial advice. However, a burgeoning concern is the rise of “shadow AI,” which refers to unsanctioned, unregulated, or hidden AI implementations within […]