ISO 42001: Transforming AI Management Systems for Business

Firms are waking up to the fact that good governance can be used to enable the use of AI effectively while at the same time controlling the risk associated with it.  The publication of ISO/IEC 42001 as the world’s first international standard of Artificial intelligence management system is a major development in this direction. This article tries to discuss why ISO 42001 is relevant, its elements, and how it will help in revolutionizing the approach companies have to AI management.

ISO/IEC 42001 is a revolutionary international standard that could help organizations establish, implement, and improve practices for the management of AI. Credited to scholars from different parts of the world in an attempt to respond to the specific needs of these AI systems, this standard is IAI’s biggest landmark and is considered as having strong enforceability due to the fact that it seeks to enhance the responsible and ethical uses of AI across different industries. 

Indeed, as we move forward, organizations need to embrace ISO 42001 as something more than a mere check off of compliance activities and as a way to transform AI for its optimal, ethical, transparent, and responsible application.
Thus, by adopting this code, the businesses will set the foundation for the development of an environment where AI technologies will be utilized to generate value and at the same time operate within the framework of the most stringent standards of governance and ethical standards. 

Thank you for reading!

For more information Visit our- https://www.gsdcouncil.org/blogs/iso-42001-transforming-ai-management-systems-for-busines

For more inquiries – +91 7796699663.