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:
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:
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.
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This blog was cowritten by Suvodip Chatterjee and Harshavardhan Parvatikar