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Prepare for the EU AI Act with the HAI Platform

Streamline your compliance with the EU AI Act using the cutting-edge AI governance and audit solution offered by the Holistic AI Platform. Our comprehensive strategy ensures a seamless adherence to regulatory requirements, minimizing the burden on your team. With Holistic AI, you can confidently navigate through the complexities of regulations while dedicating your focus to core business objectives.

Why work with us:

  • Our governance solution is designed to provide monitoring throughout the AI lifecycle, delivering a comprehensive set of risk and mitigations for your AI inventory.
  • We have in-depth knowledge in the field with 100+ audits performed yearly in industries like recommender systems, talent management, banking, consumer apps, and more.
  • We create customized and scalable plans that specifically address your business needs, making compliance seamless and straightforward.
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What is EU AI Act and what do you need to do?

The EU AI Act is a proposed law by the European Commission to regulate the use of artificial intelligence (AI) across all sectors. The Act takes a risk-based approach to AI regulation, classifying systems into one of four categories based on the risk level: low/minimal risk, limited risk, high risk, and unacceptable risk.

First proposed in April 2021, the EU AI Act is set to be the “GDPR for AI”, with hefty penalties for non-compliance, extra-territorial scope, and a broad set of mandatory requirements for organisations that develop and deploy AI.

EU AI Act Risk-Based Approach

Our methodology for independent third-party audits guarantees regular checks on your online platforms' algorithmic performance. This enhances transparency and efficiency, while also ensuring compliance with DSA requirements easily.

AI systems that pose lower levels of risk to individuals.

  • Recommendation systems: those that suggest products and content based on preferences and behaviour.
  • AI-enabled video games, fraud detection, and spam filters.
  • No obligations for these systems under the law.

Low Risk

Limited Risk

May pose lower risks than high-risk AI systems but still require some form of oversight.

  • Those that support human’s decision-making, such as chatbots or virtual personal assistants.
  • Determine a person’s categorization based on biometric data.
  • Have transparency requirements under the EU AI Act.

Pose a significant risk to the health, safety, or fundamental rights of individuals.

  • Those that are used for biometric identification and categorization, such as facial recognition systems.
  • AI systems used in the employment and human resources sector, such as hiring, promotion, or firing decisions.
  • Stringent requirements under the law.

High Risk

Unacceptable

Resulting in physical or psychological harm, exploit the vulnerabilities of groups, are used for social scoring by governments, or are used for real-time biometric monitoring in a public area by law enforcement.

  • AI systems that are used to manipulate human behaviour, e.g., using children's emotional or cognitive vulnerabilities.
  • Those that allow for social scoring or surveillance, e.g., score and rank individuals based on their behaviour, social interactions, or opinions.
  • AI systems that generate or disseminate fake content, such as deepfakes, with the intent to deceive or harm individuals or society.

How can Holistic AI help your organisation

Enterprises engaged in the development and deployment of AI systems must comply with the comprehensive requirements of the AI Act and undergo a conformity assessment. To ensure compliant deployment of high-risk systems, we have outlined the following steps that we will undertake:

Catalogue AI Systems +

  • Creating an inventory of AI systems used in various applications.
  • Involve identifying different types of AI models, e.g., ML models and NLP algorithms.
  • Provide important insights into the potential benefits and risks of AI.

Identify AI Risks +

  • Provide human oversight and review of AI systems to identify risks and intervene.
  • Monitor and evaluate AI systems to identify new risks through audits, reviews, and testing.
  • Conduct risk assessments to identify the likelihood and impact of potential risks.

Mitigation Recommendations +

  • Implement explainable AI to increase the trustworthiness of the systems.
  • Establish a proper AI governance framework.
  • Audit and evaluate AI systems to assess the effectiveness of the measures.

How can Holistic AI help your organisation

Enterprises developing and deploying AI must comply with the AI Act's comprehensive requirements and undergo a conformity assessment. To ensure your organisation is compliant, we will take the following steps:

Penalties for non-compliance could reach €40m or up to 7% of global turnover, whichever is higher. But the repercussions are not just financial - they're reputational too.

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Benefits to your business

Minimise the cost of compliance

Avoid potential legal and financial penalties and reputational damage associated with non-compliance.

Mitigate potential AI risks

Identify and mitigate potential risks associated with AI systems, such as bias, privacy concerns, and security vulnerabilities.

Increase trust and transparency

Maintaining competitive advantage and confidence in your AI systems among users, customers, and stakeholders, and demonstrate their commitment to responsible and ethical AI practices.

FAQs about the EU AI Act

1. Who needs to comply with the EU AI Act?

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2. When will the EU AI Act be adopted?

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3. Are there any penalties for non-compliance?

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4. Why has the EU AI Act been proposed?

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5. How should enterprises prepare for the EU AI Act?

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