ISO 42001 AIMS: Maximizing Business Value of AI-Driven Transformation

Artificial intelligence (AI) is increasingly applied across all sectors utilizing information technology and is expected to be one of the main economic drivers. A consequence of this trend is that certain applications can give rise to internal of companies, societal, and compliance challenges over the coming years. Unmanaged AI risks can reduce the benefits targeted to be gained from implementing AI systems, and can even be detrimental to the company.

ISO 42001 framework recognizes that the organization’s needs and objectives, processes, size and structure as well as the expectations of various interested parties are important for the establishment and implementation of the AI management system. Regardless of the adoption goal for certification or not, the ISO framework can maximize business value due to its holistic approach.

After completion of this program, participants will be better able to:

• Understand the concept and crux of AI Management System (AIMS) and ISO 42001
• Identify any risks that can reduce business value of AI implementation
• Formulate controls and plan in AIMS
• Prepare other supporting aspects required by ISO 42001
• Set up appropriate action plan for monitoring and improvement for sustainable AIMS