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Businesses Struggle with Rapidly Changing AI Regulations

Highlights

  • Only 28% of firms feel ready for new AI laws.

  • Global AI regulations are increasing rapidly.

  • Proactive measures help ensure compliance and innovation.

Samantha Reed
Last updated: 20 November, 2024 - 6:58 pm 6:58 pm
Samantha Reed 6 months ago
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AI integration into business operations is accelerating, yet many organizations face hurdles in adapting to evolving regulatory landscapes. As global governments implement varying AI laws, companies are navigating a complex environment to ensure compliance while leveraging AI’s potential. The uncertainty surrounding regulatory requirements has compelled businesses to develop strategic approaches to manage AI effectively.

Contents
How Can Companies Map AI Usage Effectively?What Steps Ensure Robust Data Governance?Why Is Continuous Monitoring Essential for AI Systems?

The current surge in AI regulations echoes earlier challenges faced during the digital transformation era. Previously, businesses struggled with data protection laws like GDPR, highlighting the recurring theme of regulatory adaptation in technology advancements. Unlike past regulations, the speed and breadth of AI laws present a more immediate and multifaceted compliance challenge.

How Can Companies Map AI Usage Effectively?

Effective mapping of AI usage requires a comprehensive understanding of all AI tools and applications within an organization. Shadow AI, where employees use unapproved AI solutions, poses a significant challenge by introducing unknown variables into business systems. Implementing tools like Harmonic can aid in detecting AI across the supply chain, ensuring businesses maintain control over their AI environments.

What Steps Ensure Robust Data Governance?

Maintaining robust data governance is crucial for compliance with AI regulations and protecting sensitive information. Organizations must establish clear data management policies, conduct regular audits, and assess the security and sources of data used by AI systems.

“It is incumbent on organisations to take proactive measures by enhancing data hygiene, enforcing robust AI ethics and assembling the right teams to lead these efforts,”

emphasized Rob Johnson from SolarWinds, highlighting the importance of proactive data governance.

Why Is Continuous Monitoring Essential for AI Systems?

Continuous monitoring of AI systems is vital to ensure they operate within set parameters and adhere to ethical guidelines. By regularly auditing AI tools and using platforms like Cypago for ongoing compliance checks, businesses can detect anomalies and prevent potential failures.

“The idea of using AI to monitor and regulate other AI systems is a crucial development in ensuring these systems are both effective and ethical,”

stated Cache Merrill of Zibtek.

Adopting a proactive stance on AI regulation can position businesses to not only comply with current laws but also adapt to future changes with greater agility. By implementing comprehensive AI usage mapping, robust data governance, and continuous monitoring, organizations can navigate the complex regulatory landscape effectively. Emphasizing ethical AI practices further enhances trust and ensures sustainable innovation, enabling companies to harness AI’s benefits without compromising regulatory compliance.

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Samantha Reed
By Samantha Reed
Samantha Reed is a 40-year-old, New York-based technology and popular science editor with a degree in journalism. After beginning her career at various media outlets, her passion and area of expertise led her to a significant position at Newslinker. Specializing in tracking the latest developments in the world of technology and science, Samantha excels at presenting complex subjects in a clear and understandable manner to her readers. Through her work at Newslinker, she enlightens a knowledge-thirsty audience, highlighting the role of technology and science in our lives.
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