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.
Businesses need to adapt – and governance is the answer
Risk management looms large in the legislation
Risk management is both a requirement – and the solution
About the Authors
Renee Murphy
Principal Analyst
Renee Murphy is a Principal Analyst in the Risk Management practice at Verdantix. Her current research targets GRC, with a particular focus on the integration of ESG into GRC.…
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Katelyn Johnson
Senior Manager, Risk Management
Katelyn is the Senior Manager in the Verdantix Risk Management practice. Her current research agenda focuses on climate risk and its integration into risk management framework…
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