Navigating the ever-evolving landscape of AI regulations, from the EU AI Act to standards set by the International Organization for Standardization, can feel like a daunting task. Here are three proactive steps you can take to not only ensure compliance but also lead the charge in responsible AI implementation.

• First, take stock of all your AI-utilizing products. Whether they’re developed in-house, sourced from vendors, or integrated into devices, a comprehensive inventory is key to understanding your AI footprint.

• Next, designate someone to spearhead the creation of a robust responsible AI strategy, complete with a detailed roadmap and business case. This strategic blueprint will clarify timelines, resource needs, and the necessary steps to align with emerging regulations like the EU AI Act.

• Lastly, don’t overlook the importance of vendor accountability. Require all vendors to sign off on your responsible AI ethics and compliance policy to mitigate risks associated with unsafe products. This step is crucial for safeguarding against potential privacy breaches, confidentiality lapses, and liability concerns.

By taking these three proactive measures, you’ll kickstart your journey toward responsible AI implementation and compliance. 

The content of this blog post was inspired by a similar article written by BABL AI Consultant Abhinav Mittal. You can find the original post on Linkedin HERE.

If you find yourself in need of guidance along the way, remember that BABL AI‘s team of Audit Experts is here to offer invaluable insights and support tailored to the nuances of the EU AI Act and other global regulations. Reach out today to stay ahead of the curve and ensure your AI practices align with the latest standards and requirements.