Artificial intelligence (AI) is rapidly becoming a hot-button topic as its societal impacts continue to be both realized and debated. To the delight of some and dismay of others, industries everywhere are increasingly using AI-enabled technologies. With the revolutionary potential and upside of AI, why a negative reaction? Many individuals lack understanding and trust. In a survey by Deloitte, top concerns regarding AI include biases, lack of accountability, unanticipated behavior, and the complexity relating to AI. With a lack of current mandates in place to establish trust and transparency amongst customers, it’s imperative for organizations to implement AI TRiSM procedures.
What is AI TRiSM?
AI TRiSM (trust, risk and security management) is one of the top trending AI applications because of its potential to significantly impact the way we live by ensuring trust, reducing risk, and enhancing security. Gartner defines AI TRiSM as a framework that supports AI model governance, trustworthiness, fairness, reliability, robustness, efficacy and privacy. The prediction from Gartner is that by 2026 organizations operationalizing AI TRiSM will recognize a 50% improvement relating to adoption, goals and acceptance.
The 5 pillars of AI TRisM forming the foundation of the AI Trust, Risk, and Security Management are:
- Explainability
- ModelOps
- Data anomaly detection
- Adversarial attack resistance
- Data protection
Organizations that neglect AI risks are setting themselves up for failure and can perpetuate the distrust of the technology. By managing risk, their AI models will be less susceptible to security issues that can have damaging implications for both businesses and end users. AI TRiSM can aid in alleviating concerns about security, poor design, and the lack of transparency, thus helping to instill a greater overall confidence in AI.
Impact of AI TRiSM
AI TRiSM is a way to bring ethical principles to and preserve the integrity of AI models. Although the benefits of AI TRiSM are still being discovered, it’s a technology that can transform businesses in the years to come.
Here are 6 ways AI TRiSM can transform our lives:
- Improved Security: Our ever-increasing reliance on AI for business and personal use increases security threats and risks. AI TRiSM can be used to improve security systems by detecting and responding to potential threats in real-time. It can also help to identify vulnerabilities and provide proactive measures to prevent security breaches.
- Enhanced Privacy: AI TRiSM can be used to protect individuals’ privacy by implementing robust data encryption, preventing unauthorized access to sensitive data, and enabling individuals to control their data. Privacy-enhancing technologies can help to secure personal information so that it is used properly by AI systems as that kind of data use can be illegal.
- Better Risk Management: AI TRiSM can help to identify and manage risks by analyzing vast amounts of data and predicting potential outcomes. It can also help businesses and organizations to make informed decisions based on real-time data analysis.
- More Trustworthy AI Systems: AI TRiSM can ensure that AI systems are trustworthy by providing transparent, explainable, and fair algorithms. It can also help to prevent bias and ensure that AI systems are used ethically. Why is this so important? Bias normally comes about by a skewed data set and can heighten discrepancies in ways that conflict with legality and morality.
- Improved Disaster Response: In 2021 alone, there were 97 natural disasters that occurred in the US. AI TRiSM can be used to respond to natural disasters and other emergencies by analyzing data in real-time, identifying potential risks, and providing proactive measures to prevent or mitigate damage.
- More Secure IoT Devices: AI TRiSM can help to ensure that IoT devices are secure and free from vulnerabilities. It can also help to prevent cyberattacks by identifying potential threats and providing proactive measures to prevent them.
AI TRiSM Can Revolutionize Our Lives
Technology transforms our personal and professional lives, allowing us to navigate easier through daily tasks. Maps and navigation, chatbots, e-payments and facial recognition—all which link to AI—have positively impacted businesses and individuals. Artificial intelligence technology will continue to shape our future for years to come. But in order for its potential to be fully realized, users must learn to trust the technology. Some ethical concerns surrounding AI include privacy and surveillance, bias, and discrimination.
AI TRiSM works to preserve the integrity of AI models while safeguarding security, privacy and trust. Overall, AI TRiSM has the potential to revolutionize the way we live by ensuring trust, reducing risk, and enhancing security. Implementing AI TRiSM capabilities protects AI and mankind alike. It brings forth ethical principles that can help to transform businesses, while enriching the lives of users.
Apexon empowers enterprises to obtain the true value of complex data services with its expert consulting services. Data analytics is a critical priority for every business today due to increased digitization and connectivity of all things. Check out Apexon’s Data Analytics and AI/ML services or get in touch with us directly using the form below.
This blog was cowritten by Suvodip Chatterjee and Harshavardhan Parvatikar
