A new analysis by the Insight Partners research firm projects that America’s spending on artifical intelligence in public safety will increase from $9.3 billion in 2022 to $71 billion by 2030. This growth is expected to be driven by global and domestic terrorism, a growing need for security training, and rising public safety demands coming out of the pandemic. AI has the potential to revolutionize the way we manage crises and protect our communities, through advanced algorithms, machine learning, and predictive analytics. However, there are also warnings about the potential damage AI tech could do in the wrong hands. LexisNexis Risk Solutions’ CEO Haywood Talcove warns that there could be more than $1 trillion in AI-assisted fraud in the next 12 months if the country doesn’t take immediate action. However, the same technology that empowers fraudsters can be harnessed to protect our systems.
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