The advancement of AI is causing significant changes in various industries, leading to intricate legal and regulatory issues. It is essential to effectively address these challenges to ensure that innovation is carried out responsibly. Organizations need to take proactive steps to adhere to new compliance standards, such as the EU AI Act, the Executive Order on AI from the White House and the increasing number of state regulations. To stay ahead of constantly evolving standards, continuous monitoring and auditing for compliance will be necessary. At CPIT, our dedication lies in aligning our AI endeavors with these emerging regulations, all while advocating for the ethical and responsible use of AI. #AI #Compliance #Regulation #LegalChallenges #Innovation #EthicalAI #AIRegulation
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Today marks an inflection point for the technology industry - the new EU AI Act comes into force. Many organisations are wondering how to quickly understand the legislation and how to get ahead of the compliance requirements. To help with that, our latest blog unlocks what you need to know about the Act (with some real world examples) and how to best navigate its complexity. It also contains details about our AI Ethics and Governance assessment to help you fully harness the opportunities that AI creates. Read the blog here: https://lnkd.in/e2_7BarK #AI #TheEUAIAct #Innovation
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The subject of ethical AI has garnered much attention, and in many cases created hesitation in the best use of AI technologies. The EU's newly introduced AI Act aims to provide guidance, though fully comprehending this legislation and its consequences might be challenging! This post provides a summary and guidance on the next steps to take
Today marks an inflection point for the technology industry - the new EU AI Act comes into force. Many organisations are wondering how to quickly understand the legislation and how to get ahead of the compliance requirements. To help with that, our latest blog unlocks what you need to know about the Act (with some real world examples) and how to best navigate its complexity. It also contains details about our AI Ethics and Governance assessment to help you fully harness the opportunities that AI creates. Read the blog here: https://lnkd.in/e2_7BarK #AI #TheEUAIAct #Innovation
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📢 The EU AI Act is now in effect! Curious about what this means for you? Dive into our latest blog which unlocks what you need to know with some real world examples 👇 #AI #Innovation #EUAIAct
Today marks an inflection point for the technology industry - the new EU AI Act comes into force. Many organisations are wondering how to quickly understand the legislation and how to get ahead of the compliance requirements. To help with that, our latest blog unlocks what you need to know about the Act (with some real world examples) and how to best navigate its complexity. It also contains details about our AI Ethics and Governance assessment to help you fully harness the opportunities that AI creates. Read the blog here: https://lnkd.in/e2_7BarK #AI #TheEUAIAct #Innovation
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With the new EU AI Act coming into force, read how Version 1 can help you to be compliant with the legislation.
Today marks an inflection point for the technology industry - the new EU AI Act comes into force. Many organisations are wondering how to quickly understand the legislation and how to get ahead of the compliance requirements. To help with that, our latest blog unlocks what you need to know about the Act (with some real world examples) and how to best navigate its complexity. It also contains details about our AI Ethics and Governance assessment to help you fully harness the opportunities that AI creates. Read the blog here: https://lnkd.in/e2_7BarK #AI #TheEUAIAct #Innovation
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Are you compliant? Are you maximising your AI gains? If you want to chat with some of our experts drop me a message, with have a wealth of expertise at Version 1 that would be delighted to talk, wherever you are on your journey.
Today marks an inflection point for the technology industry - the new EU AI Act comes into force. Many organisations are wondering how to quickly understand the legislation and how to get ahead of the compliance requirements. To help with that, our latest blog unlocks what you need to know about the Act (with some real world examples) and how to best navigate its complexity. It also contains details about our AI Ethics and Governance assessment to help you fully harness the opportunities that AI creates. Read the blog here: https://lnkd.in/e2_7BarK #AI #TheEUAIAct #Innovation
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How do you avoid reputational damage and fines up to €35m, or 7% of global turnover through the misuse of AI? Version 1 is guiding customers to ensure the responsible deployment of AI by identifying and mitigating risks, ensuring compliance with the evolving regulatory landscape. #AI #Compliance #Regulations
Today marks an inflection point for the technology industry - the new EU AI Act comes into force. Many organisations are wondering how to quickly understand the legislation and how to get ahead of the compliance requirements. To help with that, our latest blog unlocks what you need to know about the Act (with some real world examples) and how to best navigate its complexity. It also contains details about our AI Ethics and Governance assessment to help you fully harness the opportunities that AI creates. Read the blog here: https://lnkd.in/e2_7BarK #AI #TheEUAIAct #Innovation
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The European Union's new Artificial Intelligence (AI) Act comes into effect today, 1st August, aiming to ensure the ethical and responsible use of AI across various industries. Organizations could face fines of up to €35 million or 7% of global turnover for non-compliance. The Act classifies AI systems into four risk categories and mandates different compliance measures for each. While most provisions will be enforceable by 2026, certain rules, including those on banned AI systems, will take effect sooner. The legislation prohibits manipulative AI applications and unauthorized facial recognition practices, emphasizing risk management, data governance, transparency, human oversight, and cybersecurity. To help organizations comply, the article recommends an AI Ethics and Governance assessment and outlines five steps: conducting a gap analysis, developing governance measures, providing training, continuous monitoring, and establishing comprehensive AI governance. While the Act seeks to balance innovation and ethics, its definitions may lead to subjective interpretations. Organizations are encouraged to adopt transparent and ethical practices in AI deployment as regulations continue to evolve. The importance of guidance in navigating these regulations is underscored, along with the opportunities AI offers. Here's an overview from Version 1 with some practical support.
Today marks an inflection point for the technology industry - the new EU AI Act comes into force. Many organisations are wondering how to quickly understand the legislation and how to get ahead of the compliance requirements. To help with that, our latest blog unlocks what you need to know about the Act (with some real world examples) and how to best navigate its complexity. It also contains details about our AI Ethics and Governance assessment to help you fully harness the opportunities that AI creates. Read the blog here: https://lnkd.in/e2_7BarK #AI #TheEUAIAct #Innovation
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So the new EU AI Act comes into force today. And despite it being trailed well in advance many organisations still have much to do to prepare for and be capable of demonstrating how they are implementing controls and reporting to comply with the new regulations. The blog below provides some guidance on what you need to know based on Version 1's experience and moreover how we can help you harness the gains AI can bring... but doing so fairly and responsibly.
Today marks an inflection point for the technology industry - the new EU AI Act comes into force. Many organisations are wondering how to quickly understand the legislation and how to get ahead of the compliance requirements. To help with that, our latest blog unlocks what you need to know about the Act (with some real world examples) and how to best navigate its complexity. It also contains details about our AI Ethics and Governance assessment to help you fully harness the opportunities that AI creates. Read the blog here: https://lnkd.in/e2_7BarK #AI #TheEUAIAct #Innovation
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Exited founder - helping business owners and investors create value, particularly through technology and AI investment.
Plenty of useful info here on staying compliant with the EU AI act
Today marks an inflection point for the technology industry - the new EU AI Act comes into force. Many organisations are wondering how to quickly understand the legislation and how to get ahead of the compliance requirements. To help with that, our latest blog unlocks what you need to know about the Act (with some real world examples) and how to best navigate its complexity. It also contains details about our AI Ethics and Governance assessment to help you fully harness the opportunities that AI creates. Read the blog here: https://lnkd.in/e2_7BarK #AI #TheEUAIAct #Innovation
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Solution Leadership at Version 1 | Enterprise Architecture and Solution Architecture | Defining Strategic IT and Business Solutions to Drive Sustainable Change
With AI becoming increasingly mainstream in business use - for example through productivity tools used to support business operations, capabilities built into applications to provide enhanced capabilities, identifying trends in complex and large data sets to surface critical insights, or features delivered direct to customers to give a better user experience - it is critical that adoption and onward use is managed in an ethical and responsible manner. The introduction of the new EU AI Act makes this even more real with the potential for large fines to be imposed in the event of non-compliance. For a summary of the key aspects, responsibilities and impacts of the Act take a read of our blog by clicking the link below, and how we can support you to understand your alignment with the regulations.
Today marks an inflection point for the technology industry - the new EU AI Act comes into force. Many organisations are wondering how to quickly understand the legislation and how to get ahead of the compliance requirements. To help with that, our latest blog unlocks what you need to know about the Act (with some real world examples) and how to best navigate its complexity. It also contains details about our AI Ethics and Governance assessment to help you fully harness the opportunities that AI creates. Read the blog here: https://lnkd.in/e2_7BarK #AI #TheEUAIAct #Innovation
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