Navigating Data Governance, Transparency and Trust in an AI World

Date:

Title: Navigating Data Governance, Transparency, and Trust in the World of Generative AI

The implementation of artificial intelligence (AI) brings forth the issue of trust, especially when it comes to emerging technologies like generative AI. Hillary Ashton, Chief Product Officer at Teradata, sheds light on the complexities businesses face in navigating data governance, privacy, and maintaining transparency to ensure trust in their AI-driven operations during Transform 2023.

Generative AI has brought advanced analytics to the forefront of boardroom discussions, where it was previously limited to back-office conversations. Ashton emphasizes the importance of approaching this exciting space with caution, particularly from a trust perspective. With generative AI, it becomes crucial to determine how protected data, particularly personally identifiable information (PII), should be treated, especially in the context of large language models (LLMs) and generative AI.

To establish trust, enterprises must uphold their reputation for being trustworthy to their customers. Ashton emphasizes the need for a strong foundation of data quality and a clear separation of PII data. While these may seem like basic requirements, implementing them can be challenging for many enterprises. They require the right combination of technology, skilled personnel, and well-defined processes.

Robust data governance frameworks are essential for enterprises to treat data as a valuable product and provide clean, non-PII data to users. Adhering to regulatory compliance becomes paramount, and organizations must be transparent about the use of generative AI and its impact on data privacy. Safeguarding intellectual property (IP) and proprietary information is also crucial when collaborating with third-party vendors or utilizing LLMs.

See also  Snapchat to Launch AI-Powered 'Dreams' Feature, Placing Selfies in Fantastical Scenarios - Stay Tuned!

Ashton highlights the significance of understanding how advanced analytics are used within an organization and the protection of not just PII but also IP. For instance, the prompts used by a senior data scientist to train an LLM become proprietary IP for the organization, valuable information that should not be given away freely to competitors. This necessitates new legal practices surrounding prompt protection and IP.

Even the structure of data becomes highly proprietary and competitive. Banks, for example, would not want to give their competitors an advantage by sharing their data structure, regardless of how sanitized it may be. Taking into account regulatory compliance and being transparent with customers about the use of generative AI are critical steps in building trust.

Trust extends beyond privacy; it encompasses the reliability and accuracy of model outcomes. Regular evaluation of models and proactive measures to rectify underperformance are essential in maintaining user trust.

Starting with clearly defined desired outcomes is crucial, according to Ashton. She categorizes these outcomes into two buckets: maintaining leadership advantage with advanced analytics in areas where a company already excels, and addressing fundamental challenges that may exist in competitors’ operations but not in one’s own.

Data governance and respect for IP and PII data sovereignty are vital considerations. The ability to execute these principles at scale is equally significant, as is managing the models efficiently as they go into production, ensuring they do not underperform or yield unacceptable results.

Finally, Ashton advises evaluating the return on investment and price performance when exploring the use of generative AI. While the technology is exciting, the cost of running certain applications may become prohibitive for low-value use cases. It is essential to avoid using LLMs unnecessarily when simpler solutions, such as a basic business intelligence pivot chart, can effectively fulfill the requirements.

See also  Can't Seem to Switch From Chrome to Microsoft Edge

As the world embraces the possibilities of generative AI, navigating data governance, transparency, and trust becomes paramount. By prioritizing foundational data quality, respecting privacy regulations, safeguarding IP, and continuously evaluating model performance, businesses can foster trust and successfully harness the power of generative AI.

Frequently Asked Questions (FAQs) Related to the Above News

What is the focus of the article?

The article focuses on the challenges businesses face in navigating data governance, transparency, and trust in the world of generative AI.

Who is Hillary Ashton, and what is her role?

Hillary Ashton is the Chief Product Officer at Teradata, a company that specializes in data analytics and management solutions.

Why is trust important when it comes to generative AI?

Trust is important because generative AI involves handling protected data, particularly personally identifiable information (PII), and organizations need to maintain transparency and ensure privacy to build trust with their customers.

What are some basic requirements for establishing trust in AI-driven operations?

Some basic requirements include a strong foundation of data quality, clear separation of PII data, and adherence to regulatory compliance.

What are some challenges that enterprises face in implementing these requirements?

Challenges include finding the right combination of technology, skilled personnel, and well-defined processes, as well as safeguarding intellectual property (IP) and proprietary information when collaborating with third-party vendors.

Why is safeguarding IP and proprietary information important in the context of generative AI?

Protecting IP and proprietary information is important to prevent valuable information, such as prompts used to train generative AI models, from being given freely to competitors.

What does trust encompass beyond privacy in the context of generative AI?

Trust also encompasses the reliability and accuracy of model outcomes, requiring regular evaluation and proactive measures to rectify underperformance.

What are two categories of desired outcomes when using generative AI according to Ashton?

The two categories are maintaining leadership advantage in areas where a company excels and addressing fundamental challenges that competitors may face.

Why is the ability to execute data governance and respect for IP and PII sovereignty at scale significant?

It is significant because as businesses scale their AI operations, they need to ensure that data is handled properly and IP and PII are protected consistently.

Why should the return on investment and price performance be evaluated when considering the use of generative AI?

It is important to evaluate costs and benefits to avoid using expensive generative AI solutions for low-value use cases when simpler solutions can suffice.

What are some key considerations for businesses to foster trust and successfully harness generative AI?

Key considerations include prioritizing foundational data quality, respecting privacy regulations, safeguarding IP, continuously evaluating model performance, and considering the cost-effectiveness of generative AI applications.

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

Advait Gupta
Advait Gupta
Advait is our expert writer and manager for the Artificial Intelligence category. His passion for AI research and its advancements drives him to deliver in-depth articles that explore the frontiers of this rapidly evolving field. Advait's articles delve into the latest breakthroughs, trends, and ethical considerations, keeping readers at the forefront of AI knowledge.

Share post:

Subscribe

Popular

More like this
Related

UBS Analysts Predict Lower Rates, AI Growth, and US Election Impact

UBS analysts discuss lower rates, AI growth, and US election impact. Learn key investment lessons for the second half of 2024.

NATO Allies Gear Up for AI Warfare Summit Amid Rising Global Tensions

NATO allies prioritize artificial intelligence in defense strategies to strengthen collective defense amid rising global tensions.

Hong Kong’s AI Development Opportunities: Key Insights from Accounting Development Foundation Conference

Discover key insights on Hong Kong's AI development opportunities from the Accounting Development Foundation Conference. Learn how AI is shaping the future.

Google’s Plan to Decrease Reliance on Apple’s Safari Sparks Antitrust Concerns

Google's strategy to reduce reliance on Apple's Safari raises antitrust concerns. Stay informed with TOI Tech Desk for tech updates.