Nurture Generative AI Wisely: Why It’s Not Ready to Lead Your Business

Nurture Generative AI Wisely: Why It’s Not Ready to Lead Your Business

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At first glance, advanced technology and young children might seem worlds apart, but there are surprising similarities between AI systems and toddlers. Just like little ones explore the world by touching everything, AI explores vast datasets to learn. Letting a toddler roam free without supervision can be chaotic, and similarly, generative AI models need oversight to prevent mistakes.

Generative AI can’t admit it doesn’t know something. It will continue giving confident answers based on its data inputs, regardless of accuracy. This can lead to misinformation, as more than 75% of consumers worry about AI spreading false information, according to Forbes research.

But there’s a silver lining—we can supervise AI to mitigate these risks. Let’s explore the challenges of unsupervised AI and how to manage its growth effectively.

The Issues with Unsupervised AI

What’s the big deal about letting AI operate independently? Here’s a story to illustrate the risks. During a college internship interview, I confidently answered questions beyond my knowledge. The interviewer later revealed that my overconfidence, despite ignorance, made me an undesirable candidate. AI operates similarly, presenting mistaken information with unwarranted confidence.

AI’s potential errors aren’t just about giving wrong answers. It might unintentionally plagiarize content because it’s trained on a massive amount of data, risking copyright infringement. Additionally, AI’s responses can reflect unconscious biases present in the data it’s trained on, potentially perpetuating stereotypes or discriminatory views.

Much like toddlers need guidance, AI requires human supervision to ensure it behaves acceptably. Humans must oversee AI outputs, correcting mistakes and refining responses.

How to Use AI Responsibly

By taking a few essential steps, organizations can use generative AI responsibly:

1. Team Collaboration: While AI can solve many problems, it shouldn’t operate alone. For customer service, ensure the information base is accurate and updated regularly. Utilize technologies that maintain data quality, facilitating better AI responses.

2. Assign Suitable Tasks: AI is great at certain tasks but struggles with others. For example, in customer service, AI may falter with procedural conversations but excel in summarizing calls or synthesizing information. Use AI’s strengths to derive valuable insights.

3. Proper Training: Approach AI development like employee training. Use your organization’s data to train AI, making its responses specific and effective for your unique needs. This leads to personalized experiences and higher customer satisfaction.

Why Now?

The AI industry has seen explosive growth, generating nearly $89 billion in 2022, with projections to hit $407 billion by 2027. Despite this rapid development, there are still no robust federal regulations in the U.S. governing AI use. This puts the onus on businesses to ensure ethical and responsible AI deployment. Business leaders must monitor AI outputs and intervene when necessary to prevent misinformation.

As AI becomes more integral to operations, proactive organizations will establish ethical usage policies, staying ahead of potential future regulations.

While we can’t let AI operate entirely on its own, we can harness its benefits responsibly using appropriate tools, tasks, and training. Just as guiding toddlers through their formative years is challenging, steering AI through early development presents a valuable opportunity for improvement and success.