AI Governance in the Age of Regulation: Preparing for the AI Act
AI systems are transforming industries, but widespread adoption brings ethical, privacy, and societal challenges demanding new regulations. Organizations must adapt to ensure responsible and compliant AI practices. A risk-based EU AI Act aims to safeguard rights and promote innovation. Compliance requires AI literacy, inventory, risk classification, and role awareness. Organizations should treat AI Act compliance as a standard process project with defined stages, build inventory documentation, implement transparency, and understand changing roles when dealing with AI systems, understanding legal ramifications from deployment, distribution or imports.