code4thought

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EU AI Act Assurance

SOLUTIONS > EU AI Act Assurance
The EU AI Act Assurance service aims at enabling organizations to adhere to the regulatory requirements set forth by the EU AI Act in an as much timely and cost-efficient manner as possible.
It is a pragmatic implementation of the EU AI Act risk management approach for business, and it also serves as a comprehensive technical guide on how to foster responsible AI deployment and usage by promoting quality, transparency, accountability and human-centric AI practices within the organizations while also maximising the business value of AI systems.

Service Pillars

Regulatory Requirements
In-Depth Comprehension

Our advisory methodology places great focus on helping the client comprehend the specific provisions, requirements, and obligations outlined in the EU AI Act, interpret the legislations as well as understand their potential business and systemic impact to enable and promote proactivity.

Comprehensive Technical & Compliance Assessment

We conduct extensive technical & compliance assessments of existing AI systems, processes, and algorithms to identify any gaps or areas of non-compliance and provide recommendations for remediation in ways which ensure adherence to the EU AI Act and related legislations as well.

Risk Management & Mitigation

The service helps clients accurately identify and mitigate legal, ethical, and reputational risks associated with non-compliance.

Continuous Monitoring & Improvement

The combination of advisory services with our proprietary audit tooling allows for fast and cost-effective integration of continuous AI process inventory, monitoring & improvement. This ensures innovation support and promotion, while compliance is maintained at minimum/pragmatic adaptation costs.

Why us?

Client-specific approach: code4thought offers structured advisory services that are tailored to the unique requirements and circumstances of each client so that we may develop comprehensive compliance strategies, risk mitigation and implementation plans that align with the client’s business objectives, industry sector, and the EU AI Act requirements.
Cross-Disciplinary Expertise: code4thought’s team combines legal, technical, and ethical perspectives on AI governance. By assembling a team of experts with diverse backgrounds and skill sets, code4thought provides solutions that address the multifaceted challenges of AI regulation and compliance.
Unique combination of expert advisory and proprietary audit tooling platform: our capabilities can support accuracy, speed, consistency and continuity on AI Risk Management frameworks being implemented at scale.
Proven Track Record: code4thought has an extensive track record in assessing risks associated with large-scale software systems across various industries and sectors. Our experts are (more than) capable in identifying, analysing, and mitigating complex risks inherent in software development and deployment. Such experience offers valuable insights and best practices that are also applicable to AI systems operating in diverse contexts.

Features

The EU AI Act Assurance service features capabilities such as providing guidance, consultation, and support to organizations in ensuring compliance with the regulations outlined in the EU AI Act:
  • AI Inventory Mapping: Create a centralized registration location that maintains detailed, up-to-date records of projects, models, and databases associated with AI technology across an organization, ensuring clear visibility and strong control over all AI assets.
  • AI Technical Assessment: Evaluate AI systems, algorithms, and models to ensure compliance with technical standards and guidelines, as well as assess performance, transparency, fairness, accountability, and robustness of AI systems. Conduct technical testing using our audit tooling platform and analysis to identify vulnerabilities and areas for improvement.
  • Regulatory Compliance Assessment: Evaluate the organization’s identified AI systems, processes, and algorithms to assess compliance with the specific requirements and obligations outlined in the EU AI Act. This capability is supported by our extensive subject matter expertise, proprietary audit tooling and our legal partners.
  • AI Risk Assessment and Mitigation: Identify potential risks associated with AI deployment and operations within the context of the EU AI Act. These risks may be associated with data vulnerabilities, AI assets’ performance, robustness, security, explainability and transparency; they may even have legal implications. They are evaluated and assigned an appropriate “importance level” with a proprietary, intuitive scoring algorithm. Finally, strategies and frameworks are developed to mitigate these risks effectively.
  • Documentation and Reporting: Assist in the preparation of documentation and reports required for regulatory compliance, including impact assessments, documentation of AI systems, and regulatory filings as mandated by the EU AI Act.
  • Advisory Services: Offer advisory support and expert consultation throughout the compliance and risk analysis process. This can be an on-going commitment to address any emerging issues, interpret regulatory changes, and adapt compliance strategies accordingly. Our delivery methods implement a phased approach, which allows for detailed understanding of challenges and solutions and informs the client’s decision-making process regarding efficient, cost-effective planning and use of resources.
  • Continuous Monitoring and Auditing (optional): Use our proprietary tooling platform to perform independent, recurring audits combined with on-going advisory support. Continuously enhance the mechanisms established for the ongoing monitoring, auditing, and reporting processes, to ensure continued EU AI Act compliance as regulations evolve and as the organization’s AI landscape changes.

Benefits

  • Compliance Assurance: Gain assurance that your organization meets the requirements and obligations outlined in the EU AI Act, mitigating the risk of non-compliance penalties and legal issues.
  • Risk Mitigation: Identify and address legal, ethical, and reputational risks associated with AI deployment, safeguarding organisation.
  • Stakeholder Confidence: Demonstrate your commitment to compliance with the EU AI Act, enhancing confidence and trust among regulatory authorities, customers, investors, and other stakeholders.
  • Continuous Improvement: Implement mechanisms for ongoing monitoring, auditing, and evaluation of compliance efforts, adapting to evolving regulatory requirements and industry standards.
  • Minimise Adaptation Costs : A proven methodology and an audit platform deliver a comprehensive solution which contributes to reducing the initial costs required for timely compliance as well as subsequent costs, by minimising the risk of costly and hasty implementations on the client side which may add technical debt due to lack of adequate analysis & planning
  • Maximize Business Value:
    • Improve ROI
      • AI Inventory Mapping helps organizations gain visibility and control over their AI assets, enabling them to effectively manage and leverage AI technologies.
      • Continuous Monitoring and auditing ensures that each AI asset always represents and resolves a current business problem. If not, it facilitates timely corrections and enhancements. A well-designed monitoring and continuous learning process is key to maximizing the business value any AI asset may add over time
    • Enhance Governance & Build Trust
      • The processes and mechanisms defined within the EU AI Act assurance context may serve as the stepping stone for further development and implementations of robust policies, procedures, and governance frameworks to promote transparency, accountability, and responsible AI practices across your organization.
      • Present tangible evidence of compliance using various metrics in an intuitive manner which makes it easily comprehensible by a broad audience
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