ISO/IEC 42001:2023

ISO/IEC 42001:2023 Information technology Artificial intelligence Management system.

The standard is the:

1. First AI ‘management system standard’ offering guidance on the AI ecosystem.

2. Addresses the unique challenges associated with AI covering: ethics, transparency, and continuous learning (with a focus on responsible AI deployment).

3. Offers a structured ‘Risk and Opportunity’ management approach. Managing AI risks, opportunities; and balancing AI innovation with AI governance.

4. Provides guidance on the responsible and use of AI.

5. Covers various areas of AI applications and provides an integrated approach (focusing on both risk assessment and risk treatment).

6. Offers guidance on ethical and responsible implementation practises to foster trust in AI applications and tools.

7. Offers practical guidance on managing AI-risks to minimise potential negative impacts.