UPDATE – JUNE 2025: ISO/IEC 42001, the world’s first international standard for AI management systems, was officially published on December 18, 2023. As of mid-2025, adoption is accelerating globally, especially among organizations seeking to demonstrate responsible AI governance. ISO/IEC 42001 offers a certifiable framework for managing AI-specific risks, aligning closely with regulatory expectations under laws like the EU AI Act and national AI policies in countries including Canada, Japan, and Singapore.

ORIGINAL NEWS STORY:

Milestone in AI Governance Published by ISO and IEC

The closing days of 2023 saw a significant development in the realm of AI governance with a publication by the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC). Released on December 18, 2023, ISO/IEC 42001 sets the stage for international best practices to guide organizations in the responsible and effective development of AI, with a key focus on fostering public trust.

At its core, ISO/IEC 42001 mandates the establishment of an AI Management System. This system is designed to provide a comprehensive framework encompassing the necessary structures, policies, and procedureI. It lays out specific requirements and offers guidance for the creation, implementation, maintenance, and continual improvement of an AI system. This applies universally to organizations involved in providing or utilizing products or services that leverage AI systems.

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Also, you might be seeking clarity on how ISO/IEC 42001 may impact your business operations. Therefore, BABL AI stands ready to provide valuable support. The audit experts at BABL AI can also offer insights into the broader landscape of AI laws and legislation.