ISO 42001 - AI Management Systems
At ISO Pros, we know it can be quite difficult keeping up with all the elements and regulations your company needs. Hence, we want to be the helping hand that brings it all together so that you can focus more on operations and how to bring more business your way. Among the options and regulations we can cover, ISO 42001 is our newest addition and you can rest assured that any other standard that requires extra attention will be handled and combined with this one along the way.
ISO 42001 is solely focused on AI management systems and how you should bring five main aspects whenever you decide to implement one in your business:
- Accountability.
- Explainability.
- Ethics.
- Responsibility.
- Fairness.
This is due to the increasing worry regarding how artificial intelligence handles processes and decisions. While a company can find comfort in the way data is collected, handled, and used to come up with a result by simply running a software, it is problematic when you see it from the side of the customer or society as a whole.
First, there is no one who can be held accountable in case things go south. As long as good decisions are made, it may not be an issue, but what happens when bad decisions or wrong ones are made? Someone needs to answer to them.
Second, the previous aspect takes us to explainability. How can you explain decisions if there is no substance in the way they were made? It was simply a process established in a system that does not follow rules itself.
Third, ethics are more on the side of human resources, people involved, and being aware of how AI is being used. Finally, responsibility and fairness are quite combined with ethical use.
How Companies Can Do Better with ISO 42001
It is a matter of establishing systems that actually matter.
Again, you may find it comfortable and easy for the company. Having a system that runs it all without supervision, however, comes with its consequences.
Harms, data leaks or breaches in your system always lead to losing credibility and trust. Moreover, they compromise your entire system and operations, which tends to drive companies, especially small ones, to bankrupt.
You want to build a well-established and structured AI management system that addresses all worries. From the ones that start in your company with any issues that you come up with consequences your clients or even society can face as a whole.
A good example is how government entities or companies need to address and have responsibility when harm is done. Other businesses or companies in healthcare, finance, and even retail cannot escape the same aspects.
Take the time to work on a safe and secure AI management system that can be a great tool for improvement. We will be there to help you develop it accordingly and make you compliant while bringing great changes to your business as a whole.