Strategic Focus: Regulatory Radar And The Next Wave Of AI Risk Compliance
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Executive Summary
The EU’s Artificial Intelligence Act took effect on August 1, 2024, with firms facing enforcement around most requirements from August 1, 2026. The regulation transcends borders, applying to systems used in the EU, regardless of whether the providers, deployers, importers or distributors are based in the region themselves. With AI having rapidly permeated business activities and tasks, firms must now consider the implications of the EU AI Act and understand how to remain compliant. In this report, we provide risk and compliance executives with an overview of the Act and offer guidance on how to manage these new compliance risks.
Table of contents
Navigating the EU AI Act: a guide to AI compliance and riskBusinesses need to adapt – and governance is the answer
Risk management looms large in the legislation
Risk management is both a requirement – and the solution
Table of figures
Figure 1. The EU AI Act categorizes AI implementations into four risk categoriesOrganisations mentioned
Council of the European Union, European Parliament , Google, IBM, Microsoft, Netherlands Tax and Customs Administration, Twitter (now X), YoutubeAbout the authors
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