ISO/IEC 42001 is the first international standard for AI management systems, and its real value is that it forces an organisation to turn good intentions about AI governance into evidence that can survive an audit, a regulator's query, or an enterprise buyer's due diligence.
UK enterprises are caught by the EU AI Act whenever they place an AI system on the EU market, or where the output of their AI system is used in the EU, regardless of the UK's departure from the bloc.
When an AI system decides something about a person, a loan declined, an application screened out, a claim flagged, a price set, the organisation deploying that system is accountable for the decision, not the software.
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