Tech Trends, Technology Articles

Profit Safely from Conversational AI: A Guide to Secure GPT-4-like Models Integration

Chatbot GPT-4 for Business Success

The increasing popularity of Large Language Models (LLMs) such as GPT-4, Vicuna, Alpaca, and tools that use LLMs, such as OpenAI's ChatGPT, Microsoft's Bing, Google's Bard, and more gained an unprecedented growth in the market of conversational AI chatbots and generative AI solutions. With the global conversational AI market expected to reach $41.39 billion by 2030 at a compound annual growth rate (CAGR) of 23.6% between 2022 and 2030, it is evident that both businesses and consumers recognize the value of this technology.

This rapid expansion is driven by the adoption of advanced AI technologies and the growing demand for customer engagement across various platforms. With a projected 30% of customer interactions supported by Conversational AI by 2031, up from just 2% in 2022, it's evident that this technology is making its mark in the industry.

Conversational AI has the potential to significantly cut costs, increase revenues, and improve customer satisfaction across various industries. In fact, Gartner predicts that chatbots and virtual customer assistants (VCAs) will become the primary customer service channel by 2027.

Industries Benefiting from Conversational AI Adoption

The widespread adoption of conversational AI is driven by its capacity to streamline customer service, enhance personalization, and increase efficiency in various sectors.

For instance, banking, insurance, telecommunications, e-commerce, and healthcare are all industries poised to benefit from the implementation of AI solutions:


In 2023, operational cost savings from the use of virtual agents in banking are expected to reach $7.3 billion globally. In the insurance sector, conversational AI could account for cost savings of up to $1.3 billion in 2023.

In e-commerce, 47% of online shoppers are open to purchasing through virtual agents, and in 2023, over 70% of chatbots are expected to be in retail. The telecommunications industry is projected to invest $36.7 billion annually in AI by 2025. Furthermore, the healthcare chatbot market is estimated to reach $340 million by 2027. These figures showcase the immense potential of conversational AI in transforming business operations and customer experiences.

The Future of Conversational AI and Business Opportunities

As LLM-based chatbots and generative AI solutions continue to gain traction, businesses must capitalize on this trend to stay ahead of the curve. Gartner predicts that 40% of enterprise applications will have embedded Conversational AI in 2023, up from less than 5% in 2021, signaling a significant shift in the industry landscape.

With the global conversational AI market projected to be worth $18.4 billion in 2028 and at a CAGR of 21.8%, this technology has the potential to save consumers and businesses over 2.5 billion customer service hours, transforming customer expectations and elevating operational efficiency. 

Why is Conversational AI Essential in 2023?

Conversational AI has gained significant importance in recent years due to its potential to enhance various aspects of any business, including:

Akvelon has successfully incorporated a user-centric AI chatbot on our website, powered by OpenAI’s ChatGPT model.

Our Security and Compliance LLM Framework helped us swiftly test the chatbot and validate the adherence to security practices and compliance standards, ensuring user data privacy and security. 

The preliminary results show the chatbot delivering concise, user-friendly responses, outperforming conventional technical documentation. This AI endeavor, fortified by our robust security framework, elevates user experience and trust.

Interact with our state-of-the-art chatbot here.

Navigating the Challenges and Risks of LLM-based Chatbots

However, as businesses increasingly rely on large language models for various tasks, it is crucial to acknowledge the potential threats and risks associated with the implementation of these technologies.  A security breach or compliance issue can result in financial losses, reputational damage, and legal liabilities.

Here are some of the challenges that businesses need to be aware of while deploying Conversational AI and LLM-based chatbots:

  1. Data privacy and security: Conversational AI systems often require access to sensitive user data to provide personalized experiences. Ensuring the security and privacy of this data is essential to prevent unauthorized access and data breaches. An example of this is the discovery that Amazon Alexa was recording conversations without their user's knowledge, raising concerns over privacy.  AI leaders like Elon Musk urge caution when developing human-competitive AI systems. A recent example of regulatory action taken against LLMs is Italy's permanent ban of OpenAI's generative text tool, ChatGPT, due to privacy concerns. Additionally, Samsung Electronics imposed a ban on their employees' use ChatGPT to assist in their work, citing data leak concerns. These developments highlight the increasing privacy tensions around the creation of giant generative AI models trained on vast amounts of internet data. To mitigate risks, companies should establish clear policies prohibiting employees from asking ChatGPT questions that disclose confidential data, educating them on the associated risks.
  2. Legal and compliance issues: The cases of ChatGPT's ban in Italy and Samsung's decision underscore the importance of adhering to the regulatory framework and industry-specific compliance requirements while implementing Conversational AI solutions. With other European data regulators expressing interest in Italy's findings, businesses must ensure that their AI models are built using legally collected data and respect data protection laws. Using chatbots can expose confidential and personal identifiable information (PII). Companies need to monitor data fed to chatbots, avoid confidential information, and work with vendors offering robust data usage and ownership policies. 
  3. Bias and discrimination: AI models may inadvertently learn and perpetuate existing biases present in the training data. This could result in biased outcomes, leading to potential discrimination and ethical concerns. 
  4. Limited understanding and contextual awareness: Despite advancements in NLP, Conversational AI systems might still struggle with understanding complex language constructs, idiomatic expressions, or context-dependent inquiries. Gartner highlights risks associated with relying on ChatGPT, as users may not understand its data, security, and analytics limitations. While businesses must be cautious of ChatGPT generating eloquent yet untruthful statements they should encourage users to review outputs for accuracy and usefulness before accepting results.
  5. Misinformation: AI-generated content has the potential to create and disseminate misinformation, as seen in the case of IBM's Watson Health. The division had to cancel a project that used AI to diagnose cancer after it was discovered that Watson's recommendations were often inaccurate and potentially harmful to patients. Ensuring the accuracy and credibility of information generated by chatbots is crucial to maintaining trust in these systems. OpenAI CEO Sam Altman acknowledges ChatGPT's limitations, advising against relying on it for important tasks. He emphasizes that it's best for creative inspiration. Gartner concurs, urging caution with this early-stage and hyped technology.
  6. Over reliance on automation: Excessive reliance on AI-powered chatbots for critical tasks can lead to human complacency and reduced involvement, potentially resulting in decreased efficiency and lower service quality.
  7. Scalability challenges: As the scope and complexity of Conversational AI applications grow, businesses must ensure their systems can scale accordingly to handle increased traffic and workload without compromising performance.
  8. Accountability and transparency: Determining responsibility for AI-generated content or decisions can be challenging. Clear guidelines and processes are needed to address accountability concerns and ensure transparency in the system's decision-making.
  9. Cybersecurity concerns: LLMs can be coaxed into creating toxic content and are prone to 'injection attacks,' highlighting the importance of robust cybersecurity measures.

To conclude, it is crucial for businesses to understand the limitations and risks associated with chatbots powered by AI technology. By following proper guidelines and policies, companies can make the most of these tools while avoiding potential pitfalls.

The High Cost of Ignoring Threats and Failing to Mitigate Risks: Typical Cases to Pay Attention To

AI chatbots offer various advantages to today's business landscape, but they can also pose significant risks if not managed correctly, as evidenced by the following incidents:

  • Data leaks involving ChatGPT, a popular AI chatbot, have raised alarm in industries and governments worldwide. In under a month, three cases of sensitive data leakage involving ChatGPT have come to light. The latest incident implicated Samsung when a Korean media channel reported that employees at the company's semiconductor plants unintentionally fed confidential information, such as crucial source code, into the AI chatbot. Other Fortune 500 companies, including Amazon, Walmart, and JPMorgan, have faced similar issues with employees inadvertently sharing sensitive data through the chatbot.
  • Countries worldwide are scrutinizing AI chatbot security and privacy, with ChatGPT already inaccessible in China, Iran, North Korea, and Russia. Italy temporarily banned ChatGPT, sparking discussions among other countries like France. In response to growing concerns, Spain launched an investigation into ChatGPT, and the EU initiated a working group to promote cooperation on the issue. The UK's GCHQ, through the NCSC, has also issued a warning about the risks of large language models like ChatGPT.

The challenges related to the improper use of Conversational AI extend beyond data leaks, and companies need to be prepared to address them. 

By examining past incidents involving businesses facing similar risks, even without AI involvement, we can better understand the potential impact of Conversational AI threats caused by inadequate AI chatbot management. Financial consequences of unaddressed risks can be substantial, as demonstrated by these examples:

Data Privacy Non-compliance:

In 2018, British Airways faced a £183 million fine for a data breach affecting customer data.

Non-compliance with data privacy regulations such as GDPR and HIPAA can result in severe penalties, bad publicity, and a loss of consumer trust. Employing best practices, like obtaining explicit user consent and anonymizing user data, is crucial for ensuring compliance and preventing costly penalties.

Confidentiality Breach: 

Equifax's 2017 data breach, which exposed the sensitive information of millions of consumers, led to significant reputational damage and financial loss. Ensuring confidentiality and implementing best practices, such as secure APIs and LLM usage monitoring, is essential to preventing similar outcomes with AI chatbots.

Industry-Specific Regulation Violations: 

Wells Fargo was fined $1 billion in 2018 for violating financial regulations. Non-compliance with industry-specific regulations in sectors like finance, healthcare, or education can result in hefty fines and loss of credibility. Regularly updating LLMs, collaborating with industry experts, and training AI models on industry-specific data and regulations can help enhance compliance and avoid costly fines.

Profit Safely From Conversational AI

Protect your business from financial and reputational consequences by adopting our comprehensive framework that is designed to help you address each and every threat and implement best practices when using Conversational AI.

Our in-depth whitepaper provides an extensive list of cases and best practices, organized by category, allowing you to easily identify and address risks specific to your implementation.

By downloading our whitepaper, you will gain insights into:

  • A comprehensive and categorized list of risks and challenges, including confidentiality and data privacy
  • Real-life examples illustrating each challenge, providing a better understanding of potential issues
  • Best practices for mitigating each challenge and adhering to industry-specific regulations

Our framework is applicable across various industries such as finance, healthcare, education, and customer service.

Download our whitepaper to unlock your chatbot's full potential while safeguarding your business.

Here are some examples illustrating these challenges:

Inaccurate Medical Information:

A user asks the AI chatbot about the proper treatment for a heart attack. The chatbot provides an inaccurate and potentially dangerous response, advising the user to take aspirin and rest. This incorrect advice could lead to harm for patients and legal implications for the company. The ideal response would be for the chatbot to advise the user to seek immediate medical attention, emphasizing that a healthcare professional should provide the appropriate treatment.

Biased Loan Recommendations example:

A user asks the AI chatbot which loan option is best for someone with a low credit score. The chatbot provides a biased response, suggesting that people with low credit scores do not deserve loans. This response could lead to the loss of potential customers, a damaged reputation for the company, and potential legal issues. The ideal response would inform the user that there are loan options available for individuals with low credit scores and recommend consulting a financial advisor for guidance on finding the best option.

Discover more information and best practices in our comprehensive whitepaper.

Download our whitepaper to unlock your chatbot's full potential while safeguarding your business.

profit safely from
conversational AI

Get our comprehensive
Whitepaper on AI Risks and
Best Practices

Got an AI project in mind?
We're here to help you
migrate potential risks!

For questions or more information about LLM testing, your Conversational AI chatbot's security, compliance,  or best practices, send us an email at

Subscribe to our Newsletter

Stay updated with tech trends,
our company news and case studies

    Let's talk about your AI chatbot security

    Learn how Akvelon can help your company navigate future endeavors. Share your interests in Conversational AI so we can suggest best practices for securely integrating Chatbot into your business.

      Review our privacy policy here.