Artificial Intelligence (AI) has become one of today’s most disruptive and transformative technologies, growing at a breakneck pace where we are only seeing the tip of the iceberg. Its inherent nature and impact on the rights and freedoms of individuals, business activity and the development of societies has prompted the European Union (EU) to publish a proposal for a new AI Regulation (21 April 2021), known as the AI ACT.
The AI Act is a common regulatory framework on AI that seeks to align efforts to position AI as a key technology in fostering economic growth and prosperity with a human-centred approach. To do this, it endeavours to regulate AI systems according to the level of risk they present (unacceptable, high, limited and minimal risk) and sets out eight proportionate documentary criteria and technical requirements to create trusted AI systems (Risk Management System; Data and Data Governance; Record-keeping; Transparency and provision of information to users; Human Supervision; Precision, Robustness and Cybersecurity; and Technical Documentation).
This regulation does not intend to inhibit AI initiatives but rather to be a driver that encourages investment, enhances innovation and unlocks economic and social development while ensuring that citizens’ rights and freedoms are safeguarded and protected when interacting with smart systems. The technological cornerstones for rolling out these initiatives include building multidisciplinary teams, the availability of talent, setting up centres of excellence and innovation hubs, and devising models and use cases with an attractive ROIA for businesses.
Addressed to:
– Business managers – CDOs – AI managers – SCR managers
