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- Keshav Ram Singhal
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Wednesday, December 20, 2023

Latest News - ISO/IEC 42001:2023 - An Standard on Artificial Intelligence Published

 Latest News - ISO/IEC 42001:2023 - An Standard on Artificial Intelligence Published

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ISO/IEC 42001:2023 is an international standard that specifies requirements for establishing, implementing, maintaining, and continually improving an Artificial Intelligence Management System (AIMS) within organizations. It is designed for entities providing or utilizing AI-based products or services, ensuring responsible development and use of AI systems.


Number of pages - 51

Price - CHF 187

Title - ISO/IEC 42001:2023, Information technology - Artificial intelligence - Management system

Technical committee responsible - Joint Technical Committee ISO/IEC JTC 1, Information technology, Subcommittee SC 42, Artificial intelligence.

Publication date : 2023-12


ISO/IEC 42001:2023 is the world’s first AI management system standard providing valuable guidance for the rapidly changing field of technology. It addresses the unique challenges AI poses, such as ethical considerations, transparency, and continuous learning. For organizations, it sets out a structured way to manage risks and opportunities associated with AI, balancing innovation with governance. 


Main benefits of ISO/IEC 42001:2023 -


- Responsible AI: ensures ethical and responsible use of artificial intelligence.

- Reputation management: enhances trust in AI applications.

- AI governance: supports compliance with legal and regulatory standards.

- Practical guidance: manages AI-specific risks effectively.

- Identifying opportunities: Encourages innovation within a structured framework.


Organizations of any size, involved in developing, providing, or using AI-based products or services, can use this standard. This standard is designed to be applicable across various AI applications and contexts.


An AI management system, as specified in ISO/IEC 42001:2023, is a set of interrelated or interacting elements of an organization intended to establish policies and objectives, as well as processes to achieve those objectives, in relation to the responsible development, provision or use of AI systems. ISO/IEC 42001:2023 specifies the requirements and provides guidance for establishing, implementing, maintaining and continually improving an AI management system within the context of an organization.


The ISO/IEC 42001:2023 standard offers organizations the comprehensive guidance they need to use AI responsibly and effectively, even as the technology is rapidly evolving. Designed to oversee the various aspects of artificial intelligence, it provides an integrated approach to managing AI projects, from risk assessment to effective treatment of these risks.


Other ISO Standards for AI - 


ISO has a number of standards that help mitigate the risks and maximize the rewards of AI, including ISO/IEC 22989, which establishes terminology for AI and describes concepts in the field of AI; ISO/IEC 23053, which establishes an AI and machine learning (ML) framework for describing a generic AI system using ML technology; and ISO/IEC 23894, which provides guidance on AI-related risk management for organizations.


As a management system standard (MSS), ISO/IEC 42001 can be considered as an overarching document for the sound governance of an organization in relation to AI. It provides a practical way of supporting decisions resulting from the implementation of an AI management system.


More information can be obtained from IEC / ISO headquarters or national standards body of your country, who is member of ISO.


Regards,

Keshav Ram Singhal


Courtesy - ISO and IEC



 

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