Leveraging AI Safely To reap the rewards of AI, businesses must also develop strategies to manage their risks. 1. Managing AI Risks Managing AI risks involves creating a comprehensive risk management framework that ensures responsible AI use. Similar to how businesses addressed data storage risks during the cloud transition, AI integration should involve strict compliance with security protocols and data protection laws. 2. Choosing the Right Tools AI tools like Microsoft’s Copilot and other trusted platforms offer safer, enterprise-ready business solutions. These platforms often have robust security features, such as data encryption and access controls, to help safeguard sensitive information. Prioritizing these tools over more experimental models reduces security vulnerabilities and minimizes potential misuse. Effective vendor management is essential to maintaining security, particularly when paired with comprehensive risk assessments. Organizations should evaluate vendors Continued from page 22 for general security practices, compliance with industry standards and ability to address AI-specific risks. This involves expanding traditional risk assessments to include tailored controls and questions for AI technologies. 3. Guidelines for AI Use Developing clear policies for AI usage is essential to ensure safe and effective implementation across the organization. These policies should outline which tools are approved, what types of data can be processed, and how vendors are vetted. It’s equally important to establish and document acceptable use guidelines for employees, ensuring they understand the boundaries and best practices for AI use. These guidelines should be incorporated into regular training, easily accessible and periodically reviewed to keep pace with evolving technologies and risks. How to Start Leveraging AI in Your Organization For businesses, banning AI use entirely in workplaces may seem like a solution to avoid risks, but it is often impractical. Instead, companies should focus on creating safeguards and boundaries 24 NEBRASKA BANKER
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