What companies should be thinking about when they think about AI

A conversation with Shlomo Agishtien, AI lead at Trullion

Artificial intelligence (AI) tools are increasingly becoming part of the daily processes of nearly every company and AI regulations are bearing down with the EU’s AI Act leading the charge. It’s more and more important to understand how to utilise and develop these tools ethically and effectively.

We sat down with AI expert Shlomo Agishtein to discuss what companies need to understand about AI, how these tools can be used, why an AI company policy matters and how worried we should all be about AI regulation.

Shlomo Agishtein is the AI lead at Trullion, an AI-powered accounting solution company. Three years ago, before artificial intelligence (AI) was the big topic of conversation, Trullion had a vision to bring AI to accounting and auditing to help automate these processes. Shlomo has led that charge and in the course of his work, he uses many different aspects of AI, including different areas of machine learning (ML) and AI data science to be able to bring effective solutions to his clients. We sat down with Shlomo to learn how AI is changing the business world.

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How are you managing your GDPR compliance requirements?

GDPR added a significant compliance burden on DPOs and data processors. Data breaches must be reported to the authorities within 72 hours, each new data processing activity needs to be documented and Data Protection Impact Assessments (DPIA) must be carried out for processing that is likely to result in a high risk to individuals. Penalties for breaching GDPR can reach into the tens of millions of Euros.

“In a world older and more complete than ours they move finished and complete, gifted with extensions of the senses we have lost or never attained, living by voices we shall never hear.”