Rapid GenAI adoption is the top-ranked issue for the next two years for legal, compliance and privacy leaders, according to Gartner.
70% of respondents reported rapid GenAI adoption as a top concern for them.
Gartner experts have identified four key areas that legal, compliance and privacy leaders need to address.
The ease of adoption, widespread applicability, and the ability of GenAI tools to perform a range of different business task mean that assurance teams will have limited visibility into new risks.
Employees will lack clarity on what constitutes acceptable use of the technology due to unfamiliarity with the rules governing it.
As GenAI tools rapidly become more ubiquitous, poor accountability for negative outcomes could create unacceptable legal and privacy risks.
For most companies AI governance will not fit neatly into existing functional organizational structures, and the expertise needed may be scattered throughout the business or even not exist at all.
GenAI tools have the potential to assist with repetitive legal tasks.
GenAI's capacity to produce natural language output lends itself to several departmental uses for legal teams.
This holds the potential to minimize the time lawyers spend on low-value work.
While GenAI tools have the potential to assist with time-consuming, repetitive tasks such as conducting legal research, drafting contracts, and producing summaries of legislation its output often includes errors, legal leaders must ensure the output is reviewed for accuracy.
Legal leaders should develop an internal pilot program to test GenAI automation or augmentation for low-risk repetitive, time-consuming tasks that involve production of written deliverables.
They should also compare pilot outcomes on time spent and output quality versus conventionally produced outcomes.
This Cyber News was published on www.helpnetsecurity.com. Publication date: Wed, 03 Jan 2024 04:43:05 +0000