Navigating the complex and evolving landscape of AI regulations is a daunting process. Performing an AI Impact assessment, understanding all of the legal and regulatory implications of your AI strategy, is the the easiest way to set your organization up for future compliance.
Investing in an AI system without practicing responsible AI principles can be costly. AI systems that don't uphold ethical standards and societal values can be damaging to your organization both internally and externally. Impact assessments are the fastest way to ensure your stakeholders have a voice in your AI strategy and are a practical step towards responsible AI adoption.
Identifying and mitigating risks associated with your AI use cases can save your business time and money. Impact assessments are the fastest way to get an organization-wide inventory of potential risks facing your organization, ensuring that your teams have the knowledge and visibility to address them before they cause adverse impacts.