To comply with the EU AI Act and GDPR, businesses should establish a clear data governance framework, focusing on data minimization and ethical practices. Conducting thorough AI risk assessments, involving diverse stakeholders, and maintaining ongoing monitoring are crucial steps. Common pitfalls include neglecting human oversight and failing to adapt to regulatory changes. Training employees on compliance and best practices is essential to balance regulatory adherence with innovation, ensuring AI systems are both safe and progressive.
Key takeaways:
- The EU AI Act introduces comprehensive legislation for AI, emphasizing a risk-based approach to address potential risks and issues.
- Compliance with the EU AI Act and GDPR requires creating a clear data governance framework, focusing on ethical and secure data handling.
- Conducting good AI risk assessments involves identifying AI systems, understanding data usage, and involving diverse stakeholders for risk mitigation.
- Human oversight, proactive compliance, and regular training are essential to balance regulatory compliance with innovation in AI development.