Key points:
- A survey of senior enterprise risk executives reveals top 5 emerging risks
- Generative AI is worthy of caution and attention as the technology grows in use and capabilities
- See related article: CISOs are increasingly nervous as cyberattacks lurk
The mass availability of generative AI, such as OpenAI’s ChatGPT and Google Bard, became a top concern for enterprise risk executives in the second quarter of 2023, according to Gartner, Inc.
“Generative AI was the second most-frequently named risk in our second quarter survey, appearing in the top 10 for the first time,” said Ran Xu director, research in the Gartner Risk & Audit Practice. “This reflects both the rapid growth of public awareness and usage of generative AI tools, as well as the breadth of potential use cases, and therefore potential risks, that these tools engender.”
In May 2023, Gartner surveyed 249 senior enterprise risk executives to provide leaders with a benchmarked view of 20 emerging risks. The Quarterly Emerging Risk Reports includes detailed information on the possible impact, time frame, level of attention, and perceived opportunities for these risks.
Third-party viability was the top fast-emerging risk that organizations are monitoring most closely in the 2Q23 survey. Financial planning uncertainty was the third ranked risk, followed by cloud concentration risk.
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