Navigating risk management

Introduction

Described image
Image 1 generated with AI using the prompt: Generate me an image of lawyers using AI tools. Image 2 generated with AI using the prompt: Generate a cartoon of businesses using GenAI badly.

Use of AI tools and Generative AI (GenAI) tools in particular is rapidly increasing, with GenAI capabilities added to everyday technologies and software, as well as bespoke tools. This does not mean that the use of such tools is problem free, particularly for organisations.

In May 2023, New York lawyer Steven A Schwartz, referenced a number of legal cases in legal documents that were entirely fictitious, having relied on GenAI (ChatGPT) to supplement his legal research. Six of the seven cases referred to were entirely bogus. When required to explain his actions, Schwartz indicated that he was “unaware that [ChatGPT] content could be false” (Armstrong, 2023).

This example may make you laugh or groan at the actions of legal professionals against the backdrop of GenAI (mis)use. However, even though a simple, small-scale example, it serves to illustrate some of the very real risks that arise with the use of GenAI tools in organisations – and how the use of such tools should be managed.

This course will explore the considerations and concerns surrounding the use of Generative AI tools in organisations. Particular areas of concern arise with issues such as data protection, professional accountability, and the integrity of client-facing services.

It considers some of the interplay between humans and non-humans and discuss some of the main risks associated with the uses of GenAI, including some considerations for managing and mitigating some of the risks posed by the growing use of GenAI tools.

It also assumes you that you have some understanding of how GenAI and Large Language Models (LLMs) work. If you are not sure about this, or would find a refresher useful, we recommend you start with the first course in the series, Understanding Generative AI.

This is a self-paced course of around 180 minutes including a short quiz. We have divided the course into sections, so you do not need to complete the course in one go. You can do as much or as little as you like. If you pause you will be able to return to complete the course at a later date. Your answers to any activities will be saved for you.

Course sessions

The sessions are:

  • Session 1: GenAI: To use or not to use? – 20 minutes (Section 1)

  • Session 2: GenAI: A risky business? – 120 minutes (Sections 2 to 11)

  • Session 3: Mitigating AI risks – 40 minutes (Sections 12 onwards)

A digital badge and a course certificate are awarded upon completion. To receive these, you must complete all sections of the course and pass the course quiz.

Scaling a mountain icon Learning outcomes

 

After completing this course, you will be able to:

 

  • Explain the key risks posed by using GenAI within your organisation.

  • Identify ways to mitigate the key risks of using GenAI.

  • Understand the importance of assessing and interrogating GenAI models before using them in your organisation.

 

Glossary icon Glossary

 

A glossary that covers all eight courses in this series is always available to you in the course menu on the left-hand side of this webpage.

Session 1: GenAI: To use or not to use? – 20 minutes