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Easily align project risk against the requirements of each category as defined in the Act
The imminent enforcement of the EU AI Act is a clear statement of the importance and risks presented by AI in our societies. The regulatory objective is clear: to ensure all organizations are fully intentional in their usage of AI and manage all related risks appropriately.
Similar to GDPR, the EU AI Act demands that organizations implement an extensive audit trail of AI systems and classify them based on a number of risk factors. By creating a common taxonomy, this new regulation offers organizations an opportunity to take better control of their AI systems – with the risk of penalties in case of ill-managed enforcement. Estimated costs of compliance for organizations across the EU with associated costs increasing sharply the longer the delay in implementation. Anticipation is critical to turn a potential regulatory burden into an acceleration potential.
With the EU AI Act Readiness solution, organizations can get a head start on developing a strong understanding of the requirements from the draft text of the act and be better prepared to implement enforcement of the appropriate controls when the Act becomes enforceable in the coming months. By anticipating these upcoming changes, organizations have an opportunity to reduce their future cost of compliance, accelerate their change management and ensure they turn this first regulatory framework from compulsory activity to opportunity.