ISO 42001 Compliance Made Easy with ISMS.online’s Artificial Intelligence Management System
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Ever since Generative AI made its way into the hands of the average individual in 2023, Artificial Intelligence (AI) has swiftly become accessible, allowing organisations to harness it more extensively to drive innovation and productivity increases. However, as AI becomes further ingrained in business processes, it becomes imperative for businesses to confront and manage the associated challenges and risks.
Based on the new framework from the International Standards Organisation (ISO), called ISO 42001, we’re excited to announce that ISMS.online has developed an AIMS (Artificial Intelligence Management System) that simplifies ISO 42001 compliance by aligning with the standard’s requirements and controls. The ISMS.online software platform helps organisations establish responsible AI practices, save resources, and reduce AI-related risks.
Understanding ISO 42001
ISO 42001, a global standard for AI management systems, provides a framework for responsibly developing, deploying, and managing AI. Achieving and maintaining ISO 42001 compliance shows an organisation’s commitment to ethical, secure, and well-governed AI practices.
The standard covers:
- Governance and leadership
- Risk management
- Ethical considerations
- Transparency and explainability
- Performance evaluation and improvement
One crucial aspect is that ISO 42001 isn’t limited to organisations exclusively focused on AI product development. Whether your business utilises tools like ChatGPT or Google Gemini to streamline workflows, ISO 42001 is equally applicable to you.
The ISMS.online platform aligns with ISO 42001’s requirements and controls, making it easier for organisations to establish an effective AIMS.
Let’s break down how we can help you:
HeadStart Content
ISMS.online’s HeadStart content includes many of the necessary documentation and controls for ISO 42001. It provides pre-written policies and controls and allows organisations to choose the most suitable option, saving time and effort in developing AIMS documentation.
Risk Management Module
The Risk Management module in ISMS.online aligns with ISO 42001, which lists potential AI-related organisational objectives and risk sources. The module includes a pre-populated risk bank of common AI-related risks and mitigation strategies that help organisations identify and manage risks associated with their AI systems, such as the complexity of the environment, lack of transparency and explainability, and system life cycle issues.
Policy Management
ISMS.online’s Policy Management module provides a centralised location for creating, maintaining, and communicating AI policies, ensuring compliance with ISO 42001.
AI System Impact Assessments and Performance Evaluation
The platform provides a structured approach to assessing the potential consequences of AI systems on the organisation, helping organisations identify and mitigate adverse impacts, as required by the ISO 42001 Controls. It supports the monitoring, measurement, analysis, and evaluation requirements, allowing organisations to evaluate the performance of their AIMS.
Manage Multiple Standards and Frameworks
ISMS.online provides a unique advantage by facilitating the management of numerous standards and frameworks, boasting a vast library of over 100 options, allowing you to seamlessly integrate additional standards like ISO 27001, ISO 9001, alongside the likes of ISO 42001. Doing so gives you the convenience of a unified platform, serving as the single source for all your compliance efforts.
Case Study: AI Clearing’s ISO 42001 Certification With ISMS.online
AI Clearing, a technology company transforming the construction industry through AI, achieved ISO 42001 certification using ISMS.online’s platform. AI Clearing’s experience shows the effectiveness of ISMS.online in simplifying the compliance process and demonstrates their commitment to responsible AI practices, enhancing stakeholder trust and gaining a competitive advantage.
AI Clearing faced challenges in its pursuit of ISO 42001 certification, including:
• Ensuring the ethical development and deployment of their AI systems
• Managing AI-related risks and mitigating potential adverse impacts
• Demonstrating transparency and explainability in their AI decision-making processes
ISMS.online’s platform centralised AI Clearing’s ISO 42001 documentation and procedures. Michael Mazur, CEO and Co-Founder of AI Clearing, said, “It positions our ISO procedures and processes as the focal point of our organisation rather than just being ‘shelved documentation.'”
Learn More About ISO 42001
AI Clearing’s successful ISO 42001 certification with ISMS.online shows the platform’s effectiveness in helping organisations demonstrate their commitment to responsible AI practices. ISMS.online helps organisations navigate the complexities of AI management, mitigate AI-related risks, and ensure the ethical and secure deployment of AI systems.
If your organisation is considering ISO 42001 compliance, reach out to see how ISMS.online can help you. Take the first step towards responsible AI management and unlock AI’s potential while ensuring its ethical and secure deployment.
For existing ISMS.online clients who are curious about ISO 42001, don’t hesitate to contact your dedicated Customer Success Manager for further insights and guidance.
