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 procedures essential for the effective management of the unique risks associated with AI. The standard lays out specific requirements and offers guidance for the creation, implementation, maintenance, and continual improvement of an AI management system. This applies universally to organizations involved in providing or utilizing products or services that leverage AI systems.

For companies seeking clarity on how ISO/IEC 42001 may impact their operations, BABL AI stands ready to provide valuable guidance and support. The audit experts at BABL AI can offer insights not only into ISO/IEC 42001 but also into the broader landscape of AI laws and legislation.