Generative AI

Generative AI commonly known as Gen AI is the transformative technology aiming to improve the lives of future generations. The innovative approach followed by the technology is capable of smoothing the business operations aiming towards sustainability. Gen AI has its applications in the IT sector, production sector, fashion industry, medical field, and defense sector. The wide applications offered by the technology facilitate smart use. In other words, the more creative the technology, the smarter the production, and hence, more sustainable the consumption.

Risks in Generative AI

Gen AI imposes certain risks that are listed below. 

1. Impact on cyber security

Gen AI is prone to create hallucinations and misinterpreting the actual information.

1. Privacy concerns

The privacy concerns are mostly associated with data leakage from unauthorized sources.

1. No controlling mechanism
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Lack of controlled mechanisms affects the regulatory compliance, safety, and transparency of the businesses using the technology.

1. Exploitation of energy resources

Unbiased results of Gen AI might lead to over or under consumption of energy resources.

1. Threat to humanity

The technology is capable of misinterpreting and misusing sensitive information thereby increasing vulnerability to humanity.

Overcoming these risks

The risks can be overcome by employing optimum solutions listed below.

1. Collaboration with stakeholders to enhance the functional capabilities of the technology.
2. Integrating neural networks and algorithms with Gen AI to foster improved performance./p>
3. Focusing on automation of the processes for better product management and customer experience.