{"id":201156,"date":"2024-12-10T09:12:57","date_gmt":"2024-12-10T15:12:57","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2024\/12\/transforming-businesses-with-llms-risks-and-use-cases"},"modified":"2024-12-10T09:12:57","modified_gmt":"2024-12-10T15:12:57","slug":"transforming-businesses-with-llms-risks-and-use-cases","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2024\/12\/transforming-businesses-with-llms-risks-and-use-cases","title":{"rendered":"Transforming Businesses With LLMs: Risks And Use Cases"},"content":{"rendered":"<p><\/p>\n<p><iframe style=\"display: block; margin: 0 auto; width: 100%; aspect-ratio: 4\/3; object-fit: contain;\" src=\"https:\/\/www.youtube.com\/embed\/cQpHmqBLqHQ?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope;\n   picture-in-picture\" allowfullscreen><\/iframe><\/p>\n<p>Conversely, proprietary LLMs typically offer robust security features but still pose data privacy and control risks. Using these models involves sharing sensitive data with a third-party provider, which could lead to regulatory penalties if a breach occurs.<\/p>\n<p>LLMs also lack transparency regarding their training data and how datasets are formed. Be mindful of potential bias and fairness issues and consider a human-in-the-loop approach, where specialists review and manage the model\u2019s output.<\/p>\n<p>LLMs are most effective when used to streamline complex processes and drive innovation. To leverage these models responsibly, prioritize data governance\u2014especially in highly regulated industries.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Conversely, proprietary LLMs typically offer robust security features but still pose data privacy and control risks. Using these models involves sharing sensitive data with a third-party provider, which could lead to regulatory penalties if a breach occurs. LLMs also lack transparency regarding their training data and how datasets are formed. Be mindful of potential bias [\u2026]<\/p>\n","protected":false},"author":662,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43,1759,1492],"tags":[],"class_list":["post-201156","post","type-post","status-publish","format-standard","hentry","category-business","category-governance","category-security"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/201156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/662"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=201156"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/201156\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=201156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=201156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=201156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}