Artificial Intelligence and Machine Learning (AI/ML) is a rapidly developing field with the potential to revolutionize many aspects of business and our lives. However, there are also potential risks associated with AI, which organizations and individuals must carefully consider. Like any emerging technology, the dangers of AI/ML range from simple to complex and are continuously evolving.
Yet, powerful industry-changing technologies need not be avoided because new risks are introduced; instead, it’s important to fully educate decision-makers on addressing the known dangers and adequately preparing for the unknowns. Let’s explore these risks of AI/ML and outline some possible solutions for mitigating these challenges.