Security Tops AI Adoption Challenges
The biggest spending in 2024 will be on GenAI—an average of $28M for large enterprises. AI will fuel productivity and, in turn, drive revenue growth. But it also brings with it new data security risks.
Behind GenAI and automation, the next largest spend for organizations is security. And that’s no coincidence. You simply can’t have success with AI without security.
By 2026, AI models from organizations that operationalize AI transparency, trust and security will achieve a 50% improvement in terms of adoption, business goals and user acceptance.
The EU AI Act and other regulatory frameworks in North America, China and India are already establishing regulations to manage the risks of AI applications. LLM data protection is a growing concern.
Be prepared to comply, beyond what’s already required for regulations such as those pertaining to privacy protection.
GenAI cannot thrive without proper governance. In fact, it’s one of the top-three drivers for AI success. 75% of Forbes Global 2000 Companies will have implemented review boards specifically responsible for management and oversight of ethical and responsible AI use by 2025. And the top issues around AI ethics are 1. Privacy and consent, and 2. Security.
IDC analyst Jennifer Glenn said companies need to “expand usage of existing tools to log and enforce data security policies for GenAI, including data loss technologies, encryption, and data posture mapping.”
Better Generative AI Security with SAFE®
Paperclip solutions help clients move into the next era of AI. The advent of GenAI and LLMs are driving the need for better data security. With advancement in AI tools comes more risk of exposure of sensitive, controlled, and private data (PII and PHI).
From SAFE® encryption enabling better data security and privacy, to data optimization with our portfolio of SaaS solutions, Paperclip works hand-in-hand with your key AI and GenAI initiatives.
IDC Survey Results
According to an IDC Survey Spotlight from April 2024, over 50% of organizations surveyed are exploring searchable encryption technologies, like SAFE®, to protect data in use within their organization. IDC experts expect that to continue to grow, especially with the adoption of GenAI.
Join the growing number of organizations implementing advanced encryption for GenAI security. View SAFE deployment options and pricing to protect your AI initiatives.
Privacy and Security Top Gen AI Concerns
