The recent surge in interest around artificial intelligence has sparked debate and conversation about its potential impact on various industries. In a recent interview, Nick Graham, the Chief Technology Officer at Hicomply, a leading information security software business, shared his insights on why his company is focused on developing AI tools that deliver practical benefits rather than just media buzz.
Graham highlighted the pattern of tech trends over the past two decades, emphasizing the cycle of initial excitement followed by a period of skepticism until the long-term value of a technology becomes clear. This phenomenon, known as the Hype Cycle, accurately captures the rollercoaster of investment, attention, and emotion associated with the journey of a particular technology.
In 2023, there was a noticeable increase in public consciousness about artificial intelligence. What was once considered science fiction at the beginning of the year had transitioned into mainstream conversation by the end of the year. Graham acknowledged that the hype around AI had reached a crescendo, leading to questions about whether AI is overhyped and whether Hicomply is utilizing AI technology.
Graham confirmed that AI is currently overblown in the conversation but emphasized that it doesn’t negate the value of progress in the field. He pointed out that AI won’t immediately render everyone redundant or put an end to the human race. Instead, it has the potential to have a significant impact in the present.
At Hicomply, the company has recently launched the first iteration of their information security AI tool. The AI tool aims to enhance the usability of their platform and handle labor-intensive tasks for clients to help them achieve and maintain compliance with standards like ISO 27001, PCI DSS, SOC2, and NIST.
Graham explained that AI and machine learning solutions provide them with the ability to elevate the capabilities of their platform and assist organizations in staying compliant without affecting their day-to-day productivity. The company’s AI initiative includes the introduction of features automating document management tasks, a new Help Assistant to answer common questions, and an Evidence Mapping automation engine to collate evidence based on pre-set rules.
Additionally, Hicomply’s AI product enhancements and automations are set to be released on a rolling basis over the coming year. The focus remains on bringing functionality to market that accelerates compliance processes, reduces the burden on internal resources, and minimizes the need for expensive external consultants.
Overall, Hicomply’s approach to AI developments is rooted in addressing real problems and feedback received from platform users. By focusing on practical benefits rather than just media buzz, the company is poised to make a meaningful impact in the realm of information security and compliance. For more information or to book a demonstration of their digital information security management system, visit www.hicomply.com.