Inside the Strategy Room

203. Managing the risks around generative AI

Apr 25, 2024

Ida Kristensen and Oliver Bevan discuss managing risks around generative AI, focusing on mitigation strategies, regulatory frameworks, data quality alignment, risk identification, employee education, deepfakes, internal risks in office software, and the importance of transparency and human oversight.

44:22

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Episode guests

Oliver Bevan

Ida Kristensen

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Episode notes

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Quick takeaways

Balancing controls with employee awareness is crucial for managing risks in generative AI.

Regulatory dynamics in generative AI pose challenges globally, requiring companies to navigate differing approaches.

Deep dives

Challenges of Managing Risks in Gen AI

Managing risks in Gen AI involves balancing controls with employee awareness to detect suspicious activities. Companies must navigate the strategic imperative and embrace Gen AI despite skepticism. Establishing the right control structures is critical to mitigate organizational risks.

Introduction

2min

Navigating Risks and Regulations in Generative AI Evolution

18min

Navigating Data Quality in Generative AI Implementation

2min

Managing Risks in Generative AI

7min

Mitigating Risks of Deepfakes and Impersonation through Education and Awareness

3min

Managing Internal Risks with Generative AI in Office Productivity Software

10min

Closing Remarks and Promotions for the Inside the Strategy Room Podcast

2min

Generative AI poses both risks and opportunities. Ida Kristensen and Oliver Bevan join us to discuss how we can mitigate the former while moving to capture the latter from day one.

Ida Kristensen is a senior partner in our New York office. She coleads the Risk & Resilience Practice and advises leading financial institutions on cybersecurity, strategies for risk management, regulatory compliance, and operational improvement.

Oliver Bevan is a partner in our Chicago office and a leader in our Risk and Resilience and Technology Practices. He leads our client work at the intersection of technology and risk, focusing on generative AI, data privacy, third party management, and trust and safety.

Ida and Oliver’s article, Implementing generative AI with speed and safety is available on McKinsey.com

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Inside the Strategy Room

203. Managing the risks around generative AI

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Challenges of Managing Risks in Gen AI

Regulatory Dynamics and Challenges in Gen AI

Evolution of AI Risks with Gen AI

Data Quality and Governance in Gen AI

Remember Everything You Learn from Podcasts