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The rise of large language models (LLMs) and other AI systems has created an insatiable demand for data. While these models offer incredible potential, their hunger for data presents a significant challenge for enterprises striving to maintain data privacy.
We also need to see data privacy within the whole data is power context to guarantee a long-term rent seeking income. The control of our data and AI is finding itself in the hands of a small number of people within the big tech cartel. Their increasing power seeks to rent seek at the expense of free market competition, thus stifling the very competition and innovation that got us out of the caves in the first place.
Anyway, time is money, I will get off my soap box and plunge straight into an article that explores the key strategies and considerations for safeguarding sensitive information in our data-driven era.
Understanding the Risks
Strategies for Protecting Enterprise Data
Maintaining enterprise data privacy in a data-hungry world requires a multi-faceted approach. While implementing robust data protection strategies like de-identification, access controls, and federated learning are crucial, organizations can further enhance privacy by exploring the use of private Small Language Models (SLMs).
These SLMs, trained exclusively on premise with 100% permissioned data, offer a compelling solution. By leveraging internal data sources and maintaining complete control over the training process, companies can achieve a high degree of privacy and mitigate the risks associated with sharing data with public LLMs. This approach empowers organizations to harness the power of AI while upholding the confidentiality and security of sensitive information.
As the data landscape continues to evolve, embracing strategies like private SLMs will be vital for ensuring data privacy remains a top priority.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Seth Perlman Global Head of Product at i2c Inc.
18 November
Dmytro Spilka Director and Founder at Solvid, Coinprompter
15 November
Kyrylo Reitor Chief Marketing Officer at International Fintech Business
Francesco Fulcoli Chief Compliance and Risk Officer at Flagstone
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