ISO 42001 is a certification for managing AI systems, designed to help businesses and society benefit from AI while ensuring it is developed responsibly. AI has the potential to create significant economic and social changes, but building trust is crucial for its success and positive impact. Using standards like ISO 42001 in AI governance helps promote trust and accountability.
As AI becomes more common in areas like healthcare, finance, manufacturing, and transportation, it’s important to ensure it is used ethically and responsibly. ISO 42001 offers a clear framework that focuses on key factors like transparency, explainability, and autonomy. By following this standard, organizations can handle the challenges of AI, address ethical issues, and make sure their AI systems are both effective and responsible.
The standard uses the Plan-Do-Check-Act (PDCA) cycle, a step-by-step process for continuous improvement in managing AI systems. This approach helps organizations stay flexible and compliant as AI technology evolves quickly.
The PDCA Cycle Phases:
- Plan: Set goals and create processes based on the organization’s AI policy.
- Do: Carry out the planned processes.
- Check: Monitor and evaluate the processes to ensure they meet the AI policy, goals, and legal requirements, then report the results.
- Act: Make changes to improve the AI management system over time.
Contact Tickit Systems to see how we can assist you implement an Artificial Intelligence Management System.