Managed Privacy Canada partners with www.AIRisk.ca to address growing corporate interest
and public concerns over personal information compromises

Toronto, Canada, September 16, 2024 – The rapid adoption of AI is transforming industries, with companies projected to add $13 trillion to the global economy by 2030 through AI-driven innovation, according to McKinsey & Company. AI boosts efficiency, cuts costs, and creates new revenue streams, with 84% of businesses seeing AI as a strategic priority, as reported by Forbes. From automating tasks to improving customer experiences, AI adoption offers significant opportunities for growth and competitive advantage. But privacy concerns are growing.

Amid growing public questions over the privacy threats posed by artificial intelligence, global governments and regulatory bodies are ramping up efforts to tighten the reins on the development and deployment of AI technologies. From privacy implications to environmental impact, organizations are increasingly under pressure to navigate new regulatory frameworks that address the risks of machine learning, AI-driven decision-making, and the energy consumption of data centers. Companies are recognizing the urgency of responding to both public sentiment and regulatory oversight, as AI continues to reshape industries across the world.

Recent AI-Related Headlines illustrate the need for Privacy & AI advisory for Canadian companies

• Europe’s privacy watchdog probes Google over data used for AI training (Reuters)
• Energy-intensive data centers are on the rise in Europe thanks to AI (The Guardian)
• Council of Europe opens first-ever global treaty on AI for signature (Euronews)
• New AI reporting regulations (Financial Times)
• US targets advanced AI and cloud firms with new reporting proposal (Bloomberg)

Introducing Privacy AI Consulting Services through www.AiRisk.ca

Datarisk Canada is announcing the introduction of a full spectrum of AI consulting and advisory solutions, starting with the launch of the www.AiRisk.ca website. Through this new platform, we bring together a wide range of services designed to help organizations unlock the potential of artificial intelligence while effectively managing the risks involved. Our team is dedicated to guiding companies through the complexities of AI adoption, ensuring they stay ahead of both technological advancements and regulatory demands.

“Our goal is to provide privacy-conscious organizations with the expertise they need to leverage AI securely and responsibly, empowering them to innovate while maintaining compliance and trust,” says Claudiu Popa, founder and Cybersecurity Risk Advisor at Datarisk Canada.

available services include:

• Comprehensive cybersecurity solutions for AI-driven technologies
• Consulting on AI ethics and privacy to meet regulatory requirements
• Strategic advisory for integrating AI, machine learning, and chatbots
• Risk management for innovative technologies and cloud-based infrastructures