AI Risk Management: Navigating the Complex Landscape with Michael Crowthers, Managing Director of Life Sciences Digital Quality & Compliance, and Chris Knackstedt, Managing Director of Cyber and Strategic Risk Practice at Deloitte & Touche

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Organizations must recognize that AI risk management is a shared responsibility across the entire organization, not solely confined to cybersecurity, legal, or compliance teams.

In this episode, Michael Crowthers, Managing Director of Life Sciences Digital Quality & Compliance, and Chris Knackstedt, Managing Director of Cyber and Strategic Risk Practice at Deloitte & Touche, discuss the major challenges to AI adoption, highlighting governance, ethics, and compliance as top concerns. They emphasize the importance of integrating AI governance into existing risk management frameworks and navigating regulatory uncertainty, talent gaps, and ethical usage policies. The conversation also explores risks posed by AI agents, such as runaway behavior, misaligned learning, and context untraceability, stressing the need for human oversight and robust behavioral evaluations. Looking ahead, Michael anticipates a rise in governance tech to manage evolving AI risks, while Chris encourages organizations to build on their cybersecurity foundation and maintain momentum in AI strategy.

Tune in and learn how to navigate the complex landscape of AI risk management and secure adoption!

Resources:

• Connect and follow Mike Crowthers on LinkedIn.

• Connect and follow Chris Knackstedt on LinkedIn.

• Learn more about Deloitte on their LinkedIn and website.

• Subscribe to The Current, Deloitte Cyber’s quick-read series.

• Read our life sciences and health care industry insights.

• Visit the Deloitte AI Institute™ website.

• Explore The State of Generative AI in the enterprise 2024 year-end report.