The Effect of Artificial Intelligence on Supply Chains and Cybersecurity

Business Resilience DECODED

Episode 137: The Effect of Artificial Intelligence on Supply Chains and Cybersecurity

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Artificial intelligence and ChatGPT (short for Generative Pre-Training Transformer) are dominating the conversation in every industry from marketing to fine arts to business continuity. Should we be steering clear of AI, or is it time to embrace it for our benefit? In this episode, we’re sharing some of the applications of AI on supply chains and cybersecurity.

Some of the risks we’re covering include:

• AI can identify what conditions provide for the most optimal value chains, which factors – such as COVID-19 and geographic conditions – will affect supply chains, and how chains can be redesigned to remove or reduce these risks.

• Acumen Research and Consulting released a report in July 2022 stating that the market for AI-based cybersecurity tools is estimated to reach $133.8 Billion by 2030.

• Phishing emails and cyber attacks are getting more and more sophisticated thanks to AI, so it’s crucial to train your teams to identify potential attacks.

Sources:

• 2021 McKinsey & Company report

• CNBC: AI & Cybersecurity

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Vanessa Mathews, host

Vanessa Mathews is the founder and chief resilience officer of Asfalis Advisors, where they are focused on protecting the legacy of the leaders they serve through business resilience. Before becoming an entrepreneur, Mathews developed global crisis management and business continuity programs for government and private sector organizations to include Lowe’s Companies, Gulfstream Aerospace, and the Department of Homeland Security.

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