ISO/IEC 42001:2023 Certification – Artificial Intelligence (AI) | Accredify Global

ISO/IEC 42001 for governance and trust

Four annexes make up the standard. The management guide for AI system development includes a reference to trustworthy AI in Annex A. Additional mention of certain AI/ML measures may be found in annexe B, which covers the implementation guidelines for AI controls. (A control is an action that changes or maintains risk.) Specifically, the organization’s data documentation must specify the categories utilized for machine learning as well as the labeling procedure for training and testing data.

The standard specifies a number of trustworthy factors, including fairness, transparency, explainability, accessibility, and safety, when evaluating how AI systems affect both individuals and groups. The influence on the environment, possible disinformation, and potential negative safety and health concerns are only a few of the several additional significant impact areas that are listed. All software systems, not only AI systems, should take note of this, nevertheless.

The justification for the creation of an AI system, along with an outline of the system’s intended use and a set of metrics to gauge whether its performance aligns with these goals, is an intriguing control. This raises the question of whether well-known measures applicable to software systems will also apply to AI-based systems.

Core concepts & Benefits of implementing ISO/IEC 42001

Much to ISO/IEC 27001, the global standard for information security management, the standard begins with defining the scope of application, defining important words and definitions, and presenting the technology. A typical chapter including the prerequisites for an AIMS’s effective implementation is represented by each of the bullets below.

• ➤ Organizational Context: The company should comprehend the necessity for AI and system governance. Documentation of the AIMS’s scope and the expectations of interested parties is also necessary.
• ➤ Leadership: Clearly defined leadership is necessary for both the standard’s certification and the AIMS implementation, and their commitment should be documented. Public AI policies that specify roles, duties, and authority ought to be made available.
• ➤ Planning: The company needs to know what steps to take to handle the potential hazards presented by AI. Planning must be done to accomplish AI goals, which should be defined. Furthermore, it is important to put in place suitable change management protocols.
• ➤ Support: The company must choose and supply resources for proficiency, consciousness, modes of communication, and the preservation and dissemination of recorded data.
• ➤ Operation: The information ascertained in the preceding sections should be used to define operational planning and control. It is necessary to do AI risk assessments, AI risk treatments, and AI system impact evaluations.
• ➤ Performance Assessment: Adequate risk and control monitoring, measurement, analysis, and assessment of AI systems have to be carried out. Expectations for internal audit and management reviews should be clearly stated and based on the findings of the assessments.
• ➤ Improvement: It is necessary to establish procedures for obtaining input on the AIMS implementation and to examine areas for improvement. As assessments are conducted, this process of improvement needs to be ongoing. Establishing a procedure for evaluating nonconformity and taking remedial action is necessary.
• ➤ 50% lower AI-related compliance risks & penalties
• ➤ Stronger AI security & data privacy compliance.
• ➤ 30% improved AI system transparency & trust.
• ➤ Upholding legal standards, such as those of data protection.
• ➤ Reduced AI bias & ethical concerns in automated decisions.
• ➤ Higher acceptance of AI-powered solutions in regulated industries.

The objectives of ISO/IEC 42001 :

• ➤ Supporting the creation and use of transparent, responsible, and reliable AI systems
• ➤ When implementing AI systems to fulfill stakeholder expectations, place a strong emphasis on moral principles and values including fairness, non-discrimination, and respect for privacy.
• ➤ Assisting businesses in identifying and reducing the risks associated with implementing AI, which boosts productivity and lowers expenses.
• ➤ Upholding legal standards, such as those of data protection.
• ➤ Encouraging enterprises to prioritize user experience, safety, and well-being when designing and implementing AI to increase trust in AI management.
• ➤ Improving its reputation since companies who follow ISO 42001 are perceived as leaders in ethical AI and have a competitive edge.

Requirements of ISO/IEC 42001 Certification

A, ISO/IEC 42001:2023 certification gives you the following benefits: successful assessment

Utilize AI responsibly and with a record of accountability.

• ➤ Utilize AI responsibly and with a record of accountability.
• ➤ Think about data and AI system quality, security, safety, justice, and openness over the whole life cycle.
• ➤ Demonstrate that the use of AI is a calculated decision with specific goals.
• ➤ Showcase effective governance in the area of AI
• ➤ Ensure that AI is utilized properly, particularly about its continual learning, and that all necessary protections are in place. Strike a balance between governance and innovation.
• ➤ Integrate critical life cycle, risk, and data quality management procedures with relevant frameworks and experience.
• ➤ Implement an AI Governance & Risk Management System.
• ➤ Ensure bias detection, explainability & transparency in AI models
• ➤ Establish AI ethics policies & data protection mechanisms.
• ➤ Conduct regular AI audits & impact assessments. Train staff in responsible AI development & compliance