Important Risk Details for C-Suite Executives

ChatGPT gives you what a correct answer should look like, but not necessarily a correct answer.  This presents a massive risk to your enterprise.

Inherent to ChatGPT's design is a large language model which draws from public Internet sourced information.  This is largely sufficient for non-critical work, but in the highest stake decisions, allowing your staff to use it is one of the biggest silent risks in your organization.  ChatGPT should be restricted from use within organizations where critical decisions depend on accurate data.

The list of problems with ChatGPT starts here:

You may be misinformed or misled by ChatGPT's outputs, which may be based on unreliable, outdated, biased, or inaccurate data from the public Internet, and may not reflect the reality or the best practices of your business. This may result in poor or wrong decisions that may harm your business performance, reputation, or competitiveness. 

You may lose or compromise your data privacy or confidentiality by using ChatGPT, which may use your data for other purposes, or share your data with other users or third parties, without your consent or knowledge. This may expose your data to potential hackers, competitors, or regulators, who may use your data against you or for their own benefit. 

You may waste your time and money by using ChatGPT wondering whether or not the information that came back is accurate.  Worse, you may think it is accurate, delay or disrupt your decision-making process, and increase your operational costs or reduce your efficiency. 

You may frustrate or confuse yourself or your team by using ChatGPT assuming you are sharing correct, accurate information, requiring your staff to gingerly correct you while you assume your position is correct, when in fact, it may not be.

You may lose your competitive edge or innovation potential by using ChatGPT, which may generate similar or copied content from the public Internet, or may not adapt to your unique business context or objectives, due to its generic and general-purpose system.  You also risk your staff unwittingly distributing trade secrets to your competitors.

You may decrease client trust and satisfaction by using ChatGPT, which may deliver low-quality or inaccurate outputs sometimes, due to its variable and inconsistent system. This may make your clients doubt you or regret asking your opinion, or may make them unhappy or dissatisfied your professional guidance.

You may violate the data protection or privacy regulations of your country or region by using ChatGPT, which may not encrypt your data or comply with the data protection or privacy regulations of your country or region, due to its public cloud platform. This may expose you to legal risks or penalties, or may damage your reputation or credibility. For example, ChatGPT may not comply with the **General Data Protection Regulation (GDPR)**, which is a regulation in the European Union that protects the data privacy and rights of individuals.

You may risk your data security or integrity by using ChatGPT, which may not offer the same level of encryption, backup, or fault-tolerance features as a dedicated AI platform running within your Microsoft tenant. This may expose your data to unauthorized access, theft, or loss, or may corrupt or damage your data.

Data Quality

Emely AI only sources facts and documents from within your company data sets, which are verified, relevant, and up-to-date, unlike ChatGPT, which sources information from the public Internet, which may be unreliable, outdated, biased, or inaccurate. This means that Emely AI can provide you with more trustworthy and accurate insights, while ChatGPT may mislead you or give you wrong information. For example, while Emely AI will use the latest data from your internal reports, ChatGPT may use outdated financial data from a competitor’s website.

Data Privacy

Emely AI uses a proprietary and secure algorithm that ensures that your data is only used for your own benefit, and never shared with anyone else, unlike ChatGPT, which uses information from multiple unrelated companies to learn, so your private data may be at risk of being sent to someone else. This means that Emely AI can protect your data privacy and confidentiality, while ChatGPT may expose your data to potential hackers, competitors, or regulators. For example, while Emely AI will keep your trade secrets or customer information safe and secure, ChatGPT may leak them to a rival company.

Data Security

Emely AI uses the secure Microsoft Azure cloud platform that encrypts your data at rest and in transit, and complies with the highest standards of data protection and privacy regulations, unlike ChatGPT, which uses a public cloud platform that may not encrypt your data or comply with the data protection and privacy regulations of your country or region. This means that Emely AI can safeguard your data from unauthorized access, theft, or loss, while ChatGPT may expose your data to hackers, thieves, or regulators. For example, Emely AI complies with the General Data Protection Regulation (GDPR), which is a regulation in the European Union that protects the data privacy and rights of individuals, while ChatGPT may not comply with the GDPR or other relevant regulations.