The EC Artificial Intelligence Act 2021 aims to make the rules for AI consistent across the EU ensuring legal certainty for both companies and the public. The Act is designed to encourage investment and innovation in AI rather than frustrate innovators, but it also builds a protection framework for people to ensure that AI systems are designed in ways that respect the fundamental rights and values of citizens in all countries.
The new legislation is the first of its kind anywhere in the world, it will set the bar for standards and regulations for the deployment of AI technology.
What measures are you implementing to demonstrate your organisation’s compliance?
According to Digital Strategy, “The European approach to AI will ensure that any AI improvements are based on rules that safeguard the functioning of markets and the public sector and people’s safety and fundamental rights.”
This Act will have human rights at the forefront of its framework, with stricter regulations being implemented regarding control of individuals’ data and privacy as the risk increases. Any current system that poses a threat to individuals will be banned. This will in turn create increased trust and ethical AI systems.
Talk to us today about the impact of the Act and how we can help you with your Data Governance and Compliance.