ISO 42001 - Artificial Intelligence Management Systems

When seeking ISO 42001 compliance, what are the aspects people should worry about the most? ISO Pros answers this question to all businesses, companies, and individuals trying to adapt their services and management systems to the new standard. To get there, there are always a few aspects that take priority over the rest.

First, don’t see ISO 42001 as having chains over your systems. While regulations are in place and, indeed, they must be followed in order to run your business, you can benefit from being ISO compliant. In the case of this AI management system standard, it is a matter of establishing a well-structured framework.

Second, it is for AI risk management. ISO 42001 brings everything you need for prevention and what worries people the most when AI is involved in operations and decision-making:

• Data privacy concerns and how all information is handled. Not only from the inside but also from the outside and whether consequences can permeate in society.
• Security vulnerabilities related to sensitive and personal information that your system should not be compiling and handling. After all, it is a matter of knowing what you can have and what you can’t.
• Algorithm is key to anything AI-related. The idea of how it can be unfair to certain outcomes is what leads professionals to worry about its implementation, especially in healthcare and finance industries.

Third, consider it a responsible, ethical, and transparent way to use AI management systems. This keeps you protected, your employees safe, and you won’t have to worry about how operations are handled.

Finally, it is about accountability. Ethical deployment, monitoring performance, and keeping an eye on potential harm must be controlled on your end in order to have a place where the mechanism is being taken accountable for.