AI: why you need to act now

AI governance has moved a step closer, with MEPs approving the European Union AI Act. If you use AI, you need to be up to speed with it.

The AI Act is part of a rapidly accelerating trend globally to regulate the use of AI. It will have a profound impact on the commercial use cases for AI, global market entry rules, and customer expectations.  Now is the time to check your  AI readiness, and The Data Practice has the experts who can support you through the process.

This Act is the most comprehensive legislation in the world aimed at regulating the use of general purpose artificial intelligence.

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Here are a few considerations to guide you in scaling AI across your organisation:

1. Do you have a view of current AI products across your organisation?
2. Is your data science team appropriately managing, versioning and documenting their models?
3. Do you have provisions for people to review high-risk decisions taken by AI?
4. Are you training your staff on topics like ethical use of AI and data integrity for trust in the output?
5. Are you controlling what and how data is being used?
6. Are you appropriately disclosing the use of AI to your customers, and to capture informed consent to use their personal data for such use cases?
7. Do you risk copyright infringement by using AI-generated materials?

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If your answers are along the lines of ‘I have no idea’ or ‘Yes, but…’, do get in touch with us.

Technology is a small part of the equation. Most importantly, you need the right people and expertise to ensure you are using AI ethically and responsibly, and staying ahead of the latest regulatory developments.

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Photo credit: wenzlerdesign