What's the #1 genAI policy you think all finance teams should implement to mitigate risk or privacy issues?
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Director of Finance in Consumer Goodsa year ago
Its still early days to formulate a policy in tandem to GEN AI finance capabilities. The Privacy and Data security issues will remain high by adopting to any GEN AI mythology unless proper risk assessment and audited by Big4 before its implementation.India Head and Director of Global Finance Shared Services in Hardwarea year ago
The key parameters in Policy that finance teams should consider implementing are robust Data Governance and Data Security. These aspects will mitigate risks and privacy issues related to generative AI. The Policy document should also address the way data is collected, used, stored, and protected during the generative AI process. The implementation of a comprehensive Data Governance and Data Privacy provisions can help ensure that generative AI initiatives are conducted ethically, legally, and in a manner that respects individuals' privacy rights. It is also recommended to involve legal and data privacy experts to ensure that the policy aligns with the organization's legal obligations and risk tolerance.
Founder in Miscellaneousa year ago
1/ Have an approval process to anoymise data that's given to generative AI platforms.2/ If you want a more extreme method, lock down people's ability to export data
3/ Ensure any applications you're looking into are SOC2 compliant
4/ If possible setup Gen AI in a private tenant (i.e Azure)