Grant Thornton Unveils Customizable and Secure AI Tool for Businesses
Responding to the urgent needs of small and medium-sized enterprises (SMEs), the renowned audit firm Grant Thornton has introduced a new artificial intelligence (AI) solution known as “Grant Thornton GPT.” This cutting-edge tool is designed to leverage the capabilities of AI while addressing cybersecurity concerns.
Developed by experts in both AI and cybersecurity, the new tool is programmed based on OpenAI’s Large-Language Model (LLM), GPT, and is customizable to fit the unique requirements of each client. The flexibility of “Grant Thornton GPT” allows for highly optimized use in SMEs, which have traditionally been hesitant to adopt AI technology due to complexities in integration and fears over IT security.
Highlighting the extensive possibilities of AI across various industries, from manufacturing to service sectors, Dr. Pascal Ochs, an AI specialist with Grant Thornton in Germany, clarifies that they provide comprehensive support. This ensures that businesses benefit from AI applications crafted perfectly for their operational needs. The team works closely with clients to set technical parameters and safety limits to prevent misuse and minimize errors.
Offering versatility in deployment, “Grant Thornton GPT” can be hosted by Grant Thornton as a service or integrated into clients’ in-house IT systems. Dr. Florian Scheriau, Head of Cyber Security at Grant Thornton and partner in the firm, explains that cybersecurity is a critical aspect of the AI solution, from the initial stages of development to potential client implementations. The standalone functionality of “Grant Thornton GPT” without requiring web connectivity virtually eliminates vulnerabilities to cyber threats, offering companies a comprehensive package including bespoke cybersecurity features.
For additional information about “Grant Thornton GPT” and its implementation for businesses, please contact Willi Keipper, Manager of PR & Corporate Communications, via email at [email protected] or visit www.grantthornton.de.
Relevant Facts
Small and medium-sized enterprises (SMEs) are increasingly targeted by cyber attacks due to generally having weaker security measures compared to larger corporations. AI solutions tailored for SMEs not only have the potential to enhance business operations but also to strengthen their cybersecurity posture. As SMEs make up a significant portion of the economy, supporting them with advanced technologies can have a broader positive impact on economic growth and innovation.
Machine learning, a subset of AI, can be particularly effective in identifying and responding to cyber threats in real-time, which is crucial for SMEs that might lack the resources for extensive security teams. Moreover, integrating AI with cybersecurity can automate the detection of new threats and unusual patterns, thus, reducing the time to respond to security incidents.
However, the adoption of AI in SMEs poses challenges, including:
– The need for significant investment in technology and training
– Potential bias in AI decision-making
– Lack of trust in AI systems
– Regulation and compliance issues specific to different industries and regions
– Scalability as the business grows
Advantages:
– Customization means that SMEs can have AI solutions tailored to their specific needs, enhancing efficiency and competitiveness.
– Improved cybersecurity can protect against losses from data breaches and cyber threats.
– AI can automate routine tasks, allowing SMEs to focus human resources on more complex and valuable activities.
Disadvantages:
– Dependence on AI may create vulnerabilities if AI systems malfunction or are compromised.
– Implementation costs for AI may be prohibitive for some SMEs.
– There may be skepticism or resistance from employees who are uncomfortable with new technologies.
For further reading on AI solutions, cybersecurity, and business practices, see the following reputable sources:
OpenAI – for more information on the base technology used in Grant Thornton GPT.
Canadian Centre for Cyber Security – for general information on cybersecurity practices and principles.
European Union – for insight into regulations like the General Data Protection Regulation (GDPR), which affects AI and cybersecurity.
International Organization for Standardization – for international standards that could relate to AI and cybersecurity in SMEs.
National Institute of Standards and Technology – for cybersecurity frameworks and guidelines that could influence AI implementation in SMEs.
The source of the article is from the blog tvbzorg.com