Hi everybody. Welcome to Global Tech Tales, the show where we talk with editors from around the world about the latest technology and leadership topics to find out what buyers want. I’m Keith Shaw co hosting along with Matt Egan, the global content and editorial director at Foundry, who also is representing the UK on this global podcast. And joining us on this episode is Andrea Benito. She is the editor of CIO Middle East for Foundry.Welcome everybody. Hello, hello, thank you. You know the episode that we’re going to talk about today is managing risk in an AI world. So we’re going to talk a lot about security, but also talk about risk. And when we start the show, we talk about some statistics. And so from our friends at IDC, from their worldwide responsible AI survey, they said more than 30% of respondents have noted that the lack of governance and risk management solutions was their top barrier to adopting and scaling AI. More than 75% of those who use responsible AI solutions reported improvements in data privacy, customer experience, confident business decisions, brand reputation and trust and organizations are increasing their investments in AI and machine learning governance tool, 35% of AI organizations spend in 2024 was allocated towards governance tools, and 32% was to professional services. However, another survey by PwC showed that while 73% of executives said they currently plan or plan to use generative AI in their organizations. Only 58% of them have completed a preliminary assessment of AI risks in their organization. So as we think about these statistics, I want to hear what people are talking about around the world, some of from from the IT leader perspective. So you know, what are some of the risks that they are discovering that need to be managed? So Andrea, why don’t we start with you? You know, what are you hearing in your side of the world?It depends who you ask. If you are talking to a CIO or you are talking to a CISO, because AI, for example, is an open door for CIOs as a great opportunity, but it’s also a back door for hackers and more sophisticated attacks. So what I hear is that CISOs need to be proactive, and of course, they can modernize cyber security measures and AI driven risk management strategy and are becoming more integral across industry, but evolving trends are also emerging due to AI so CSOs, they see a great potential, but because of all the volume of data that is being generated on all the new attacks that are coming through, AI is this a false alarm? Because of the vast volumes of data like they need to find the difference between true threats and false alarms. I can say that, for example, in the UAE, where I’m based, there is a proactive approach to AI. We have a national artificial intelligence strategy for 2031and we have seen a huge increase in the use of AI, especially specialty in the healthcare sector, but also in oil and gas, where they are integrating AI for predictive maintenance and logistics. That’s one of the, you know, huge sectors across the Gulf region, oil and gas.Yeah, but as I say, great opportunity for CIOs, but a back door for more sophisticated and new attacks. So CISOs, they see AI as a kind of a threat, and they fear the impact of having AI everywhere. I mean everything, okay.And Matt, you know, I wanted to ask you about some of the different areas of risk. Do you think that data privacy is the is the biggest issue, or is it some other areas where some potential risks could be jumping in, whether it’s, you know, generative AI that could create a vulnerability or or things like that, or, you know, the risk of putting AI into a company’s existing products, you know, or is data privacy like the big, the big chunk?I mean, it’s certainly one of the biggest, if not the biggest. It’s really interesting actually listening to Andrea, from her perspective, and Keith, you and I, you know, I’m in the UK, we’re both very focused on the US market. All IT leaders. Literally every single one tells us that they are either scoping, trialing or implementing AI projects. And in our own recent research, our AI priority study, 98% of IT decision makers say they see challenges with AI deployments, and a big part of that is, is, to your point, is the unknowns, right? AI is a very powerful thing. It can exponentially accelerate good outcomes, which means and Andrea touched on this like it can accelerate bad outcomes too.And in the same piece of research, and certainly in anecdotal conversations, you have, 96% of decision makers IT leaders say they have difficulty addressing the ethical implications when implementing AI technologies, 44% to your point, Keith, specifically say they have concerns over data privacy. And a really interesting stat, I think, is that 30% of surveyed, IT decision makers say they believe that organizations are moving too fast, specifically with generative AI, none of these things are directly about managing risk, but it’s all related, right? There are unknowns. AI is an accelerator. IT leaders. Andrea spoke about this. The CIOs, they’re kind of under pressure to to go and play in this space and and find out, like, how success can be achieved. And you touched on this. Keith, like, I think data privacy is a big part of this, but I think we can break down the risks into two different approaches.One is the use of AI in existing internal processes and operations, and the other is the building of AI into products and services that are going externally. And they do offer two different, completely different types of challenges. On one hand, on the internal side, you have to manage the risks of things going badly wrong, and that