From the course: ISO/IEC 42001:2023: Understanding and Implementing the Artificial Intelligence Management System (AIMS) Standard

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Overview of AIMS ISO 42001

Overview of AIMS ISO 42001

From the course: ISO/IEC 42001:2023: Understanding and Implementing the Artificial Intelligence Management System (AIMS) Standard

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Overview of AIMS ISO 42001

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- [Instructor] In 2024, a McKinsey report stated, "Our latest research estimates that generative AI could add 2.6 trillion to the $4.4 trillion annually across the 63 use cases we analyzed." Recall that generative AI is the star of the AI family, but not the only member. Small, medium, and large organizations will be impacted by the AI economy, either as consumers or producers, in some shape or form. An international standard is essential to engage AI as either. The Artificial Intelligence Management Standard, or AIMS, helps organizations responsibly perform their role concerning AI systems. AI potentially raises the following considerations. The use of AI for automatic decision-making, sometimes in a non-transparent and unexplainable way can require specific management beyond the management of classical IT systems. Using data analysis, insight, and machine learning rather than human-coded logic to design systems increases the application opportunity for AI systems and changes how…

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