Hendrik A. Reese’s Post

𝗧𝗵𝗲 𝗛𝗶𝗱𝗱𝗲𝗻 𝗜𝗺𝗽𝗮𝗰𝘁𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗘𝗨 𝗔𝗜 𝗔𝗰𝘁: 𝗪𝗵𝗮𝘁 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗲𝘀 𝗔𝗿𝗲𝗻’𝘁 𝗧𝗮𝗹𝗸𝗶𝗻𝗴 𝗔𝗯𝗼𝘂𝘁 The EU AI Act, finalized in 2024, goes beyond mere compliance—it’s reshaping the very landscape of AI innovation. While most discussions focus on the high-risk AI systems and their stringent requirements, there’s a lesser-known aspect: 𝘵𝘩𝘦 𝘳𝘪𝘱𝘱𝘭𝘦 𝘦𝘧𝘧𝘦𝘤𝘵 𝘰𝘯 𝘈𝘐 𝘴𝘶𝘱𝘱𝘭𝘺 𝘤𝘩𝘢𝘪𝘯𝘴 𝘢𝘯𝘥 𝘤𝘳𝘰𝘴𝘴-𝘣𝘰𝘳𝘥𝘦𝘳 𝘥𝘢𝘵𝘢 𝘧𝘭𝘰𝘸𝘴. Did you know that the Act mandates not just transparency and human oversight for AI systems, but also introduces specific guidelines for AI systems utilizing #𝙘𝙧𝙤𝙨𝙨-𝙗𝙤𝙧𝙙𝙚𝙧 data, especially in industries like healthcare and finance? This could dramatically alter how companies manage data, forcing them to rethink their global data strategies. Moreover, the Act’s requirement for continuous risk assessments and the integration of ethical AI principles is pushing businesses to innovate responsibly or face hefty penalties. These hidden requirements are not just about ticking boxes—they're about building trust in AI systems worldwide. The real question is: 𝘏𝘰𝘸 𝘱𝘳𝘦𝘱𝘢𝘳𝘦𝘥 𝘪𝘴 𝘺𝘰𝘶𝘳 𝘰𝘳𝘨𝘢𝘯𝘪𝘻𝘢𝘵𝘪𝘰𝘯 𝘵𝘰 𝘯𝘢𝘷𝘪𝘨𝘢𝘵𝘦 𝘵𝘩𝘦𝘴𝘦 𝘶𝘯𝘥𝘦𝘳-𝘵𝘩𝘦-𝘳𝘢𝘥𝘢𝘳 𝘤𝘩𝘢𝘭𝘭𝘦𝘯𝘨𝘦𝘴 𝘰𝘧 𝘵𝘩𝘦 𝘌𝘜 𝘈𝘐 𝘈𝘤𝘵? #𝗔𝗜 #𝗘𝗨𝗔𝗜𝗔𝗰𝘁 #𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 #𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 #𝗗𝗮𝘁𝗮𝗦𝗲𝗰𝘂𝗿𝗶𝘁𝘆 #𝗘𝘁𝗵𝗶𝗰𝗮𝗹𝗔𝗜"

🚀 The EU AI Act is reshaping the AI landscape, and the clock is ticking! With key provisions set to take effect next year, organisations face a unique opportunity to: ✅ Align with groundbreaking regulations ✅ Build trust through compliance ✅ Use this moment as a catalyst for growth and innovation 💡 Join our 1-hour webinar to: 🌟 Discover how AI regulatory readiness can set you apart in the market 🔍 Decode the EU AI Act’s most critical provisions 📊 Learn practical strategies to embed compliance and governance into your operations 🔗 Don’t miss out— Join my colleagues Wim Rymen, Vincent Gaukema and Loïc Delanghe to gain the insights you need to lead in the AI-driven future. 📅 17/02/2025 | 🕒 12:00 – 13:00 👉 Register now: https://lnkd.in/ejjPrNqN Let’s turn trust and compliance into your competitive edge! 🌟 #PwCBelgium 🇧🇪 #EUAIAct 💻

AI Regulations in the U.S. – What’s Coming in 2025? 🚨 With the U.S. focusing on transparency, accountability, and risk mitigation, 2025 is shaping up to be a turning point for AI governance. Key outcomes to expect: 🔹Promoting the use of AI in commerce and trade enforcement 🔹Establishing specialised teams to oversee AI policies 🔹Increasing export controls But how far will regulation go? Unlike the EU’s AI Act, the U.S. approach remains sector-specific and fragmented - balancing innovation with oversight. What does this mean for businesses? ✔️ More compliance requirements ahead ✔️ AI auditing & transparency measures ✔️ Potentially, new liability risks How will these changes affect AI adoption in your industry? Will regulation boost trust or slow innovation? 🚀⚖️ Read our latest blog to find out aboout relevant actors, regulations, and plans: 🔗 https://lnkd.in/dYsiw8tf #AI #ArtificialIntelligence #AIRegulation #AIPolicy #US #AIGovernance

Navigating the current landscape of AI governance feels like piecing together a giant, international puzzle. As AI rapidly transforms industries, understanding the fragmented global regulatory environment has never been more crucial. The EU's AI Act and the Council of Europe's Framework Convention on AI represent strong regional initiatives aiming to balance innovation with ethical use. Yet globally, the patchwork of policies continues to create challenges. In the U.S., the lack of a cohesive federal law underlines the need for broader, comprehensive strategies, while international bodies like OECD and the UN strive for cooperation. Reflecting on this, I ask: How are you implementing AI in your business, and are there specific regulatory frameworks you keep top of mind? As we maneuver through these complexities, it’s key to weigh current governance's risks and take strategic actions to foster safe, responsible innovation. Optrex AI leverages AI integration and automation to streamline operations with precision. By automating repetitive processes and enhancing decision-making, it transforms business efficiency and productivity. Are you using AI to optimize your business, and how does it compare? Click this link to book a free consultation with us: https://lnkd.in/eTVa9WcB #AIGovernance #ArtificialIntelligence #Innovation #BusinessOptimization #Regulations #GlobalGovernance

🚀 The EU AI Act is reshaping the AI landscape, and the clock is ticking! With key provisions set to take effect next year, organisations face a unique opportunity: ✅ Align with groundbreaking regulations ✅ Build trust through compliance ✅ Use this moment as a catalyst for growth and innovation 💡 Join our 1-hour webinar to: 🌟 Discover how AI regulatory readiness can set you apart in the market 🔍 Decode the EU AI Act’s most critical provisions 📊 Learn practical strategies to embed compliance and governance into your operations 🔗 Don’t miss out—gain the insights you need to lead in the AI-driven future. 📅 17/02/2025 | 🕒 12:00 – 13:00 👉 Register now: https://lnkd.in/e2c7E4Vb Let’s turn trust and compliance into your competitive edge! 🌟 #PwCBelgium #EUAIAct

🚀𝐔𝐧𝐥𝐨𝐜𝐤 𝐀𝐈’𝐬 𝐏𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐰𝐢𝐭𝐡 𝐚 𝐏𝐫𝐨𝐜𝐞𝐬𝐬 𝐓𝐡𝐚𝐭 𝐄𝐧𝐬𝐮𝐫𝐞𝐬 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞   With the increasing complexity of AI regulations, ensuring compliance is no longer optional—it’s essential. A structured process design is the foundation for organizations to deploy AI responsibly and in alignment with regulatory standards like the EU AI Act. At BearingPoint, we have developed a robust 𝐀𝐈 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 𝐅𝐫𝐚𝐦𝐞𝐰𝐨𝐫𝐤 built on four key pillars to help organizations navigate this challenge effectively: 1️⃣ 𝐑𝐢𝐬𝐤 𝐀𝐬𝐬𝐞𝐬𝐬𝐦𝐞𝐧𝐭: Identify potential risks while addressing privacy issues to establish a secure foundation for your AI systems. 2️⃣ 𝐆𝐨𝐯𝐞𝐫𝐧𝐚𝐧𝐜𝐞: Define clear roles, responsibilities, and accountability to ensure effective oversight and decision-making. 3️⃣ 𝐓𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥 𝐌𝐞𝐚𝐬𝐮𝐫𝐞𝐬: Implement safeguards such as data anonymization, bias testing, and robust validation to mitigate technical risks. 4️⃣ 𝐃𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧: Ensure transparency by maintaining thorough records of decisions, processes, and compliance measures. 📊 By focusing on these pillars, organizations can unlock AI compliance while driving innovation and building trust with stakeholders. 🔍 𝐑𝐞𝐚𝐝𝐲 𝐭𝐨 𝐭𝐚𝐤𝐞 𝐭𝐡𝐞 𝐧𝐞𝐱𝐭 𝐬𝐭𝐞𝐩? Let’s discuss how our tailored approach can help your business meet regulatory requirements and maximize the potential of AI.   Dario Colosio Christian Schäfer Lukas Butz #AICompliance #EUAIAct #ArtificialIntelligence #RegulatoryStrategy

ECIIA | European Confederation of Institutes of Internal Auditing's latest publication, The #AI #Act: #Road to #Compliance, offers essential guidance to ensure compliance and #manage #risks effectively. The #European #Union took a significant step towards the regulation of AI with the #Artificial #Intelligence #Act. Having entered into force in August 2024, this #legislation will gradually introduce a series of #requirements for #all #organisations that #deploy, or #plan to deploy, AI #systems within the European market. One of the primary goals of the AI Act is to #safeguard #fundamental #rights and #personal #data while simultaneously promoting #innovation and fostering #trust in AI #technologies. The #obligations and #requirements differ depending on the #risk #category and the role of the organisation in the AI #value #chain. 🔷 General obligations: ♦️AI #literacy: measures shall be taken to ensure a #sufficient #level of AI #literacy of those dealing with the operation and use of AI systems. ♦️AI #registry: companies must submit their high-risk AI systems to a central AI #repository. For ensuring compliancy, companies should build an AI registry, containing all AI systems they use or put on the market. ♦️AI #risk #assessment: All AI systems on the AI registry should be risk assessed according to the risk #classification method used in the AI Act. It should be noted that the classification method is prescribed within the AI act.

Maintaining compliance is a major challenge for businesses seeking to thrive in today's rapidly evolving regulatory landscape. How can organisations anticipate regulatory changes, address compliance gaps, and enhance team efficiency? Join us at 12.30pm on Thursday 27 June 2024, to explore how artificial intelligence can revolutionise risk, legal, and compliance operations. -Spend less time on regulatory research and Q&A. -Access an exhaustive database of global financial regulations, including those in Australia. -Get visibility and information on actions, workflows, and legal and regulatory changes. During the webinar you will learn about our latest offering: RegReview. Powered by Generative AI, it's like having a regulatory assistant at your fingertips. Interact with regulatory texts, compare regulations, extract requirements, and receive expert recommendations on best practices in the regulatory space. 📅 Save the date: 12.30pm AEST, Thursday 27 June 2024. 🔗 Register now: https://lnkd.in/eA7tcTK2 #RegReview #AI #Regulation #Compliance #Innovation #Webinar #SiaPartners #RegulatorySolutions

🌟 𝐔𝐧𝐥𝐨𝐜𝐤𝐢𝐧𝐠 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐀𝐈 𝐰𝐢𝐭𝐡 𝐈𝐒𝐎/𝐈𝐄𝐂 42001:2023! 🌟 🚀 Artificial Intelligence is transforming the world, but with great power comes great responsibility. To ensure AI is used safely, ethically, and transparently, the new 𝐈𝐒𝐎/𝐈𝐄𝐂 42001:2023 standard is here to help organizations navigate the challenges of AI governance. Here’s why this matters: 🔑 𝐓𝐫𝐮𝐬𝐭– The foundation for AI adoption. ⚖ 𝐄𝐭𝐡𝐢𝐜𝐚𝐥 𝐀𝐈 – Ensuring fairness and transparency. 📊 𝐑𝐢𝐬𝐤 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 – Identifying and mitigating AI risks. 🔐 𝐃𝐚𝐭𝐚 𝐏𝐫𝐢𝐯𝐚𝐜𝐲 – Compliance with privacy regulations. 🌍 𝐆𝐥𝐨𝐛𝐚𝐥 𝐒𝐭𝐚𝐧𝐝𝐚𝐫𝐝𝐬 – Aligning AI practices across borders. Is your organization prepared for the future of AI? 🔍 Discover how ISO/IEC 42001:2023 can help you manage AI systems effectively and responsibly in the blog mentioned in first comment. 💡 Remember: When it comes to AI, trust isn't just a buzzword—it's essential! 🔐

How will the EU AI Act impact your business? With the Act now in effect, organisations are facing the challenge of understanding its implications and determining the best course of action. Introduced exactly three years after its first draft, this regulation requires businesses to navigate the complexities of AI risk and compliance while also exploring its vast potential. PwC Ireland's latest insight breaks down three no-regret moves to help your business address these challenges effectively. Learn how to stay compliant, manage risks, and harness the power of AI to drive innovation. #EUAIAct #Risk #Compliance