We identified some risk issues in our March and July 2023 newsletters. Concerns about confidentiality are being addressed, for example using closed systems, though smaller datasets may compromise outputs.
Many innovators in the sector are tech startups; doing business with them carries its own risks – they may lack financial backing, lose key players, or be taken over by larger companies which change the offering. Going forwards, ESG (environmental, social and governance) may also be a major consideration with intensive use of computers using precious metals and burning energy.
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