In this article we discuss the impact of emerging technologies, particularly Artificial Intelligence (AI), on businesses, highlighting opportunities, risks, and compliance issues, emphasising the transformative potential of generative AI, which can automate tasks and generate new content, but also warning of risks like inaccurate or biased outputs. Businesses are advised to stay informed, assess AI's potential, manage change, and upskill staff while ensuring ethical and secure AI use.
We also address cyber security, noting sophisticated threats like deepfake attacks and two-step phishing, recommending the training of staff, implementing basic security controls, and using government resources to enhance cyber resilience.
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