Swindon firm leads rollout of new AI standard ISO 42001

By Anita Jaynes on 28 August, 2024

IMSM, a leading ISO specialist from Swindon, is the first to consult and certify ISO 42001 – the new, internationally heralded standard for Artificial Intelligence (AI). The standard helps companies oversee their AI systems’ implementation, use, and upkeep by providing high-level principles adhering to best practices.

Research from McKinsey reveals that 65% of respondents now regularly use generative AI within their organisation—nearly double the findings from previous years—driving home the importance of managing and overseeing AI.

Tom Tuke-Hastings, Chief Revenue Officer at IMSM said,  “I’m excited to announce our first-to-market consultancy and certification product, which will bring AI ISO certification to visionary AI-powered companies across the globe.

“AI is transforming the business landscape with half of all companies are already using AI in two or more ways – less than two years after the launch of ChatGPT.

“With the ever-increasing demand for new, rapidly developing AI capabilities and applications, there is a crucial need for people to understand and mitigate the often-unknown risks. The new AI management system, ISO 42001, is a global standard that helps companies get the highest possible return from their AI work in the safest, most efficient way.”

ISO/IEC 42001 offers numerous benefits to organisations implementing and managing AI systems, including:

  • Better governance
  • Risk mitigation
  • Improved transparency
  • Increased accountability
  • Regulatory compliance
  • Ethical AI practices
  • Operational efficiency
  • Stronger trust and credibility
  • Continuous improvement

The new global standard mandates the ethical use of AI technologies through a robust Quality Management System (QMS).

For over thirty years, IMSM has been delivering ISO consultancy services to organisations of all sizes and sectors worldwide. To find out more about ISO/IEC 42001 visit: www.imsm.com/gb/iso-42001/

Pictured above: Image by Gerd Altmann from Pixabay