SMBs:  Innovation Leads Risk/Governance

Starting a new consultancy I have lots of conversations.  Conversations range from peers in AI, privacy and security, to platform providers (GRC and AI development), to businesses of all sizes and industries.  Among the things I’ve learned so far:

🔳Enterprises Care about Risk and Governance

Many are still in the early stages of AI deployment.  However, they know they need to embrace it or be left behind.  However, many are exceptionally cautious.  They may not be ready (technical debt, bad data).  Or they may be carefully assessing the risks and opportunities of AI before moving ahead.

🔳Small and medium businesses (SMBs)- not so much.

For the smaller companies, they’re either mildly curious about AI, or excited about the opportunities and innovation.  What they’re not concerned about is AI risk and governance.  Indeed, more don’t even understand the risks and regulations in the new AI landscape. 

Among my responses to above is to focus more of my discussions and expertise on AI development.  Afterall, if there’s no AI project, there’s no Risk and Governance.

I’m not a software developer, but I understand the AI models well, and I’m really good at evaluating and building business cases (25 years are a market research consultant will do that). 

I’m curious: what are others in the AI security, risk and governance space are seeing?