Council Post: Where Insights Meet Privacy: Privacy-Preserving Machine Learning

Artificial intelligence (AI) and machine learning (ML) have the power to deliver business value and impact across a wide range of use cases, which has led to their rapidly increasing deployment across verticals. For example, the financial services industry is investing significantly in leveraging machine learning to monetize data assets, improve customer experience and enhance operational efficiencies. According to the World Economic Forum's 2020 "Global AI in Financial Services Survey," AI and ML are expected to "reach ubiquitous importance within two years." However, as the rise and adoption of AI/ML parallels that of global privacy demand and regulation, businesses must be mindful of the security and privacy considerations associated with leveraging machine learning. The implications of these regulations affect the collaborative use of AI/ML not only between entities but also internally, as they limit an organization's ability to use and share data between business segments and jurisdictions.