New standard ISO/IEC 42001:2023 - Artificial Intelligence Management System

New ISO/IEC 42001:2023 Standard - Artificial Intelligence Management System ISO/IEC 42001 is the world’s first Artificial Intelligence (AI) Management System standard, providing valuable guidance for this rapidly evolving technology area. It addresses the unique challenges that AI poses, such as ethical considerations, transparency and continuous learning. It provides organizations with a structured way to manage the risks and opportunities associated with AI, balancing innovation with governance. What is ISO/IEC 42001? ISO/IEC 42001 is an international standard that specifies requirements for establishing, implementing, maintaining and continually improving Artificial Intelligence Management Systems (AIMS) within organizations. It is designed for organizations that provide or use AI-based products or services, ensuring the responsible development and use of AI systems. It is applicable across all industries and sectors - both for the public sector and for companies and non-governmental organizations. What is an AI management system? According to ISO/IEC 42001, an AI management system is a set of interconnected and interacting elements within an organization designed to establish policies, objectives and processes to achieve those objectives in relation to the responsible development, provision or use of AI systems. What are the main benefits of implementing ISO/IEC 42001? Ensures ethical and responsible use of AI Increases trust in AI applications Supports regulatory compliance Effectively manages AI-specific risks Encourages innovation within a structured framework