New ISO/IEC 42001:2023 Standard for Management of AI Systems
ISO/IEC 42001 is an international standard that specifies requirements for establishing, implementing, maintaining, and continually improving an Artificial Intelligence Management System (AIMS) within organizations. It is designed for entities providing or utilizing AI-based products or services, ensuring responsible development and use of AI systems.
ISO/IEC 42001 is the world’s first AI management system standard, providing valuable guidance for this rapidly changing field of technology. It addresses the unique challenges AI poses, such as ethical considerations, transparency, and continuous learning. For organizations, it sets out a structured way to manage risks and opportunities associated with AI, balancing innovation with governance.
- Framework for managing risk and opportunities
- Demonstrate responsible use of AI
- Traceability, transparency and reliability
- Cost savings and efficiency gains
Please click on this link to read more about this standard.
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