The risks of bring your own AI (BYOAI)
AI in the workplace, while beneficial, comes with several challenges that every business leader must be aware of:
1. Cybersecurity vulnerabilities
External AI tools that are not centrally managed create loopholes for attackers. If security protocols are not robust, malicious actors can exploit these points of entry. Additionally, employees might unknowingly use AI platforms that lack the essential encryption and security standards for safeguarding sensitive data.
2. Data oversharing and leakage
AI tools often require data inputs to function, but this poses a risk of unauthorised data sharing. Employees might inadvertently feed sensitive corporate information into platforms that store or analyse data without company approval. Businesses risk losing valuable intellectual property and competitive advantages due to such oversights.
3. Unintended or harmful use
Without a controlled framework, AI systems may be used for unethical practices. For example, AI could generate inaccurate or misleading information, impacting financial decisions or even harming a company's reputation.
4. Operational challenges
AI tools vary significantly in their functionality and setup requirements. Using a patchwork of independently chosen solutions can fragment workflows, complicate collaboration, and result in higher support and maintenance costs.
