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2024-09-09

The EU AI Act – and How You Can Become Compliant

Key Points: 1. Risk-Based Approach: AI systems are categorized into prohibited, high-risk, and low-risk, with specific obligations for each category. 2. Governance and Enforcement: Compliance is overseen by the European AI Office and national market surveillance authorities, focusing on AI system providers and deployers. 3. Timeline: The Act will be fully applicable 24 months after its entry into force, with phased implementation of specific provisions. 4. High-Risk AI Systems: These must meet mandatory requirements such as risk management, data governance, transparency, and human oversight. 5. Implementation Steps: Organizations are advised to conduct impact assessments, develop AI governance frameworks, and focus on risk management, technology mapping, data management, and lifecycle management. 6. Compliance Tools: Tools and accelerators are available to help organizations achieve compliance, including upskilling, exposure assessments, and monitoring dashboards.