Safeguarding Your AI Investment with Effective Risk Management Strategies

Artificial intelligence (AI) is transforming business. From content creation to data analysis to code generation, the possibilities are endless — but so are the risks. AI tools, including generative AI, thrive on data, making them potential targets for data breaches. Cybercriminals are using AI to launch more sophisticated and evasive attacks, and AI-powered bots can rapidly scan for vulnerabilities, automate attacks, and adapt to security defenses. Beyond contending with new security concerns, companies must also put strong AI governance controls in place to maintain compliance with new AI regulations. 

These risks can jeopardize the return on your AI investment. To realize the benefits of AI, businesses must invest in risk mitigation strategies like AI-driven threat detection systems, regular security audits, and employee training and education on AI best practices. According to AI4SP, a leading organization providing insights and trends in AI, trust in AI security and privacy has significantly declined, dropping from 50% in Q2 2023 to below 25% in Q4 2024, highlighting the critical need for building robust security frameworks to foster trust and ensure compliance. 

That’s where BDO comes in. We help you protect your business against sophisticated risks, so you can champion the benefits and value of AI. Stay ahead of the curve with our comprehensive AI risk management solutions. 

How BDO Can Help 

Let BDO turn your AI investment into a real, tangible asset. 

We're not just AI tacticians; we're AI risk strategists. We help you uncover hidden opportunities, mitigate risks, and protect your business from cyber threats.

Our approach isn’t limited to AI implementation. We view risk mitigation as a core component of your AI strategy, from the initial stages of an exploratory AI conversation through deployment and ongoing use. We work with you to identify your greatest risks related to AI, so we can proactively address them before they become a problem. Our comprehensive approach to AI risk management helps your company embrace innovation and gain a competitive advantage. 

Exploring the Two Sides of AI: Risks and Rewards

Three in five CFOs and CTOs report challenges with justifying ROI on AI deployments despite high user satisfaction and significant time savings. We work with clients to help them demonstrate the ROI of AI while protecting their most valuable business assets. AI4SP also notes that while AI tools are abundant, there is a significant skills gap that can hinder the realization of AI's full potential, emphasizing the need for comprehensive training and skill development. 

Our 5-Step AI approach includes aligning your AI vision with your goals and creating a strategic roadmap to help boost your ROI in your AI initiatives. Our strategic workshops are designed to be collaborative sessions where we discuss your organization’s vision, core operations, and business objectives for both the short and long term. We will also discuss how AI can align with and propel these strategic goals and steps to take to prevent AI risks. 

Security Leaders Use Two Simultaneous Lenses with AI:

We plan your approach to AI through two lenses:  

AI Opportunities  

• Increased Efficiency and Productivity 
• Improved Decision Making 
• Enhanced Customer Experience 
• Cost Savings 
• Innovation 

AI Risk Areas 

• Data Quality and Bias 
• Explainability and Transparency 
• Privacy and Compliance 
• Ethical and Legal Considerations 
• Security and Safety 

Our Capabilities 

Business leaders and risk professionals need to collaborate to ensure their AI goals are feasible and don't inadvertently create vulnerabilities that negate the return on investment in AI. We help you balance risk and return with a comprehensive approach to AI adoption. 

The BDO Difference

Industry Experience  

We build teams with sector-specific knowledge, so we understand the nuances of your industry and speak your language from Day One. 

Practical Approach

We marry strategy with practical, quick-strike wins so you can see immediate ROI while building exponential value over time. 

Innovation with Integrity

Every use case is built to be trustworthy, accountable, transparent, fair, and safe, in alignment with BDO’s standards and your company’s mission and values. 

Holistic View

We approach every AI initiative as a component of your overarching business strategy, helping you make cross-functional connections and accelerate value creation. 

Strong Partnership Ecosystem

Our advanced risk assessment tools and strategic relationships with Microsoft and other large tech providers enable us to offer leading-edge security services. 

A Global Network

With a global presence and a heritage in audit, we are fluent in the compliance landscape and can help you prepare for upcoming domestic and international regulations.