Generative artificial intelligence, or GenAI, has been a transformative force in many different business fields since it appeared on the scene in 2022. According to McKinsey, GenAI could bring savings opportunities of up to $2.6 trillion across various operational functions. However, many business leaders hesitate to adopt it due to security fears. IBM reports that 96% of executives see adopting generative AI as increasing their organisation’s chances of experiencing a security breach within the next three years. If data is the new oil, it’s only useful once it’s been refined. GenAI could refi…