Requirements for Compliance with AI Governance: NIST AI Risk Management Framework and EU AI Act
Artificial intelligence (AI) technologies have transformative potential across various sectors, from healthcare to finance. However, their deployment comes with significant risks, including ethical concerns, privacy issues, and potential biases. Effective AI governance is essential to mitigate these risks and ensure that AI systems are developed and used responsibly.
This guide outlines how to align key requirements from the NIST AI Risk Management Framework (AI RMF) and the EU AI Act within third-party AI contracts. By integrating these influential frameworks, organizations can ensure responsible AI development, deployment, and management.
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