ISO 42001 Explained: The New AI Management System Standard for Businesses
ISO/IEC 42001:2023 is the world''s first certifiable standard for Artificial Intelligence Management Systems (AIMS). This article explains what it covers, who needs it, and how it relates to the EU AI Act.
What ISO 42001 Covers
- AI governance framework and policy
- AI impact assessments (AIA)
- Data quality and lifecycle management
- Model development, testing and validation
- Human oversight and transparency
- Incident management for AI systems
- Annex A controls specific to AI
Who Needs It?
Any organisation that develops, deploys or uses AI systems - especially those subject to the EU AI Act, processing sensitive decisions (credit, hiring, healthcare), or supplying AI to regulated industries.