The global management consulting McKinsey & Company came out with a research report titled ‘McKinsey Technology Trends Outlook 2022’. As per the report, 55 per cent of respondents to the 2021 McKinsey Global Survey on the state of AI cite cybersecurity as a leading risk. 

Further to this, the respondents are of the view that cybersecurity concerns, notably those related to data risks and vulnerabilities, could slow the uptake of AI.

More hazards are emerging as the modern world develops. Understanding cybersecurity and artificial intelligence (AI) is essential for a firm to succeed. Businesses everywhere require real skills to protect their data to keep their competition ahead.

The development and use of new AI applications could be affected by the availability of resources, such as talent and funding, despite technical advances in solutions for industrializing ML and in IT infrastructure. 

Additionally, the report pointed out that companies may face questions from stakeholders about the responsible, trustworthy use of AI, touching on issues such as data governance, equity, fairness, and “explainability.” Those questions may prompt policymakers to establish regulations and compliance requirements that affect AI research and applications. For companies, addressing such issues could mean building more features in their AI applications and implementing risk management mechanisms.