The emergence of Generative AI (GenAI) with Large Language Models (LLM) has unlocked promises of revolutionary possibilities driving newer business opportunities and customer experiences. It is not surprising that leading technology innovators like Microsoft, Google, Meta, NVIDIA, IBM, Databricks, Snowflake, and many others are investing heavily in LLMs to create business value for the next decade. If GenAI delivers in line with the early signs then the scale of economic impact will be huge. McKinsey Global Institute estimates that generative AI will add between $2.6 and $4.4 trillion in annual value to the global economy, increasing the economic impact of Artificial Intelligence as a whole by 15% to 40% . In this article, I will focus on the implications of GenAI on data security, privacy, and governance, and discuss how organizations can adapt to ensure a secure and responsible future. Implications of GenAI on data security Data is critical to every business and it makes each en...