Run in association with City and Financial Global, the one-day summit was hosted on 06 February in London. Focused on providing practical guidance on how best to prepare for the forthcoming EU AI Act, Practice Lead John Lloyd, was on the speaker panel for the session entitled
Practical steps your company should be taking now to get ready for the change
This session looked, in particular, into governance, data quality, general principles, risk management and conformity assessments. Five core themes emerged from the panel discussion with reference to practical governance guidance, namely:
Five key takeaways
Requirement to establish sound AI Ethic Principles
Need to create AI Governance standards, policies and requirements
Importance of mapping and tracking the AI ecosystem within your organisation
Attention should be given to ensuring adequate third party risk management
Need to foster organisational cultural shift in terms of AI awareness through training, education and other initiatives.
