The Artificial Intelligence Act has been developed over several years with much commentary and debate. In early 2024, it reached a political agreement in the EU. The Act will be rolled out in a phased approach over the next two years, all obligations must be met by August 2026. Compliance with the Act will likely require some changes as organisations create their AI strategy and begin to roll out tools. Key elements include establishing risk and quality management systems, monitoring the outputs of the AI, ensuring the right level of AI literacy for the users of the systems, and maintaining the systems. Changes needed to meet the requirements will depend on existing governance frameworks and the uses of AI in the organisation but needless to say, there is a lot of work needed across the board to provide for the safe, responsible and effective use of AI.
Published date: 7 August 2024
