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New technologies can pose challenges for risk managers
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by Joan Tupponce
Years ago, artificial intelligence was a figment of the imaginations of Hollywood filmmakers. Remember the malevolent computer in “2001: A Space Odyssey”?
Now the increasing use of artificial intelligence and other data-driven technologies represent potential risks for businesses.
The impact “of AI (where a computer program can think and learn like a human) and other forms of new technology already rank as the seventh-top business risk, ahead of political risk and climate change,” according to the Allianz Risk Barometer 2018, which is based on the insights of nearly 2,000 risk experts in 80 countries.
A common challenge for AI users is the proper handling of data. “AI runs on data — and a lot of it,” says S. Eric Boyum, national practice leader for Aon Risk Solutions Technology and Communications Industry Practice.
Managers have to consider a…
