The increasing adoption of AI technology in various industries, including healthcare, finance, transportation, and the public sector, has highlighted the critical importance of AI compliance for organisations. The primary objective of AI compliance is to establish trust and confidence in AI systems while managing potential risks. To achieve compliance, organisations must develop policies, procedures, and governance frameworks that address ethical, legal, and regulatory concerns throughout the AI lifecycle. This will require compliance with international industry standards like PCI/DSS and HIPAA, as well as government standards and guidelines such as ISM and Essential 8 in Australia.
When it comes to compliance programs, AI compliance is distinct due to its dual components. Firstly, in line with other IT solutions, organisations must adhere to the standards specific to each stage of the AI lifecycle. For instance, during the data collection and processing phase, organisations may need to consider the GDPR requirements. Secondly, businesses must ensure that their AI models and the context in which they apply, align with their internal organisational values, as well as international guidelines. This could include Australia’s responsible AI principles, the European Council’s draft AI Act, or the UK’s draft policy “A pro-innovation approach to AI regulation.”
We offer a comprehensive solution that addresses both AI compliance domains. We provide an in-depth analysis of your organisation’s AI systems to identify potential compliance concerns and develop customised policies and procedures to bring your AI solutions in line with regulatory, ethical, and legal requirements. Our goal is to provide you with a comprehensive analysis that will help you create trustworthy and reliable AI solutions while driving innovation and competitive advantage.