Risks and importance of AI management
A lack of adequate preparation for implementing the regulations of the EU AI Act can lead to serious consequences, such as operational disruptions and high penalties. Research shows that up to 60% of financial institutions are not fully ready for the upcoming changes, despite growing investments in artificial intelligence. Therefore, effective AI management is becoming a key element not only in terms of compliance, but also in managing reputational and operational risks.
AI Act as a checklist of good practices
The AI Act can be treated as a detailed checklist of IT best practices tailored to artificial intelligence. There are numerous benefits of properly managing artificial intelligence that go beyond avoiding penalties. A key success factor in implementing new technologies is building trust in artificial intelligence by ensuring that it is understandable, fair, robust and transparent.
Practical implementation
Technology solutions to support organizations in managing artificial intelligence in accordance with the new regulations include the implementation of a centralized dashboard for managing all AI models. The tool allows for real-time status tracking, performance indicator monitoring, risk assessment and access to full documentation. Using a solution from IBM watsonx.governance provides a consolidated view and management of various AI models, including monitoring, lifecycle tracking and automated compliance handling. This approach reduces risks associated with single points of failure and improves deployment efficiency.
Krzysztof Goworek closed the presentation by emphasizing the urgent need for the implementation of solutions to ensure responsible and legally compliant management of artificial intelligence. He highlighted that compliance with the new regulations is not only an obligation, but also an opportunity to increase the efficiency of organizations and build confidence in the ethical use of AI in business. Proper management of artificial intelligence is an investment in the future to minimize risks and achieve better operational results.
The law requires us to adopt a mature approach towards the use of artificial intelligence. These regulations shouldn’t be dismissed as arbitrary and unnecessary; they hold significant importance, including from a reputational standpoint.
