ISO 42001 - Artificial Intelligence Systems
Certain ISO standards are meant to be followed step-by-step until you get the final result in terms of guidelines and projects. However, ISO 42001 is slightly different since customization and the way your AI management systems will be handled is going to depend on the needs at hand. ISO Pros is here to support you through the entire process and guarantee your satisfaction, safety, and work on the best way to develop an AI risk management framework for your place in specific.
For starters, we are always encouraging companies to focus on what they need and not on what others do.
ISO 42001 is one of those standards you need to adapt to your own management system and the way you operate with it. Otherwise, control and security protocols won’t fulfill the criteria by considering what you do with AI and all the data and extra information you collect with it.
With this in mind, we have developed key risk areas that need to be addressed by ISO 42001 and which you should outline for your best interests:
- Operational risks, which are mostly based on prevention. You must establish a framework that prevents AI failures that could impact your business, but also society as a whole.
- Discrimination or bias risks, which are focused on unfairness. If you rely too much on AI management systems, you are almost bound to have unfair outcomes that don’t follow the timeline you have established.
- Accountability in terms of having responsibility for AI decisions and how it guides your operations.
- All related to data security risks, including any breaches and leaks that could affect your operations and all people involved or not with your business in the large scope of things.
How We Implement ISO 42001 with Your Company
While the process varies depending on the company and industry it is part of, we often follow a basic structure that evolves accordingly.
First, we always assess or audit your company. This way, we are able to identify potential AI risks and get to know how you are implementing your management systems and working through the entire system for decision-making and other tasks.
Second, assessing risk impact and any likelihood based on the company but also any external consequences so that we can include them during planning and implementation.
Third, develop risk mitigation strategies to prevent the previous risks compiled from the other two steps. This also includes working on AI governance policies and any extra regulations for your company.
Fourth, monitor everything, update controls and rules, and work towards a structured framework for your AI management systems.
Fifth, perform audits to determine if any changes or additions are needed. Moreover, we will assess your ISO standards and how they have been integrated with ISO 42001 so far to guarantee compliance in all of them.
Finally, provide certification once every part of your ISO is in place and schedule employee training to guarantee long-term compliance with everyone being well-knowledgeable about regulations.