What is ISO 42001?

ISO/IEC 42001 is the world’s first international standard for Artificial Intelligence Management Systems (AIMS), offering comprehensive guidelines for establishing, implementing and continually improving AI governance within organisations.

It is a globally recognised standard that offers a systematic approach to governing and managing AI technologies, covering areas such as ethics, accountability, transparency and data privacy, thereby providing an integrated approach to overseeing AI projects, from risk assessment to effective risk treatment.

By adopting the Plan‐Do‐Check‐Act methodology, ISO 42001 focuses on providing a practical framework for managing AI-related risks and opportunities across an organisation, ensuring responsible use and development.

ISO 42001 is designed for organisations of any size involved in providing or utilising AI-based products or services, ensuring responsible development and use of AI systems across all industries, including public sector agencies, private companies and non-profits.

Rather than focusing on specific AI applications, this standard offers a practical approach to managing AI-related risks and opportunities, making it valuable for any business or entity utilising, developing or providing AI technology-powered services.

Every company can benefit from implementing an AI management system as described in ISO 42001.

• Responsible AI Governance and Strategic Decision-making

ISO 42001 provides a structured approach to manage risks and opportunities associated with AI, ensuring ethical and responsible use of artificial intelligence. It balances innovation with governance, promoting the adoption of best practices that enhance the reliability and safety of AI systems. The standard also helps organisations demonstrate that introducing AI is a strategic decision with clear objectives, indicating strong governance concerning AI and ensuring that AI is used responsibly, especially concerning its continuous learning.

• Enhanced Trust and Reputation

By demonstrating responsible AI usage, organisations can enhance trust in AI applications, promoting greater confidence in AI systems and fostering a positive reputation among stakeholders.

• Regulatory Compliance and Practical Guidance

ISO 42001 supports compliance with legal and regulatory standards, offering practical guidance for managing AI-specific risks effectively. It helps organisations implement AI safely, with evidence of responsibility, accountability and relevant safeguards in place.

• Efficiency Gains and Innovation Encouragement

Implementing ISO 42001 can lead to improved quality, security, traceability, transparency and reliability of AI applications, ultimately resulting in cost savings, enhanced efficiency and better risk assessments. The standard encourages innovation within a structured framework, promoting the identification of opportunities while ensuring responsible and ethical AI usage.

• Commercial Advantage and Competitive Edge

As AI becomes a key differentiator in the marketplace, ISO 42001 provides a competitive advantage, especially in sectors where regulatory compliance and ethical AI use are crucial. Organisations that adopt this standard can better position themselves for success in tenders and contracts, particularly those requiring stringent AI governance.