With the rapid progress of the Artificial Intelligence, there is a significant chance of failure. There is no technological development without failure, just that the outcome of the failure should not be disastrous. AI failures can cluster based on security, privacy violations, or lack of transparency and accountability. The companies must be prepared to respond to massive failures which may involve legal aid.
AI Incident Databases provide insights into the various incidents that have occurred and the importance of updating the data. AI failures can cause huge financial losses and also hamper the reputation of the company. Here the AI incidence response plans come for rescue. The incident response plans are necessary as AI is different from other traditional software.
The input data on which the AI work is historical data so they need to be constantly updated with time. The complexity of the AI especially systems which involves generative AI or deep learning has many interconnected nodes which makes it difficult to identify where the error has occurred. Minor inaccuracies in the system can lead to massive failures affecting the mankind.
AI incident response plans need to take advanced cybersecurity measures which is beyond the traditional cybersecurity measures that are primarily taken for specific threats such as data breaches.
Here are a few steps that can be followed for AI incident response:
One of the best way to mitigate damages due to AI is to include interdisciplinary teams in the organization. Risk Managers can help a vital role in coordinating among the technologists and legal professionals that can help us to mitigate such losses.
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