Ethical risks with AI solutions, such as discrimination and privacy violations, need to be detected, governed and mitigated in order for companies and authorities to be able to embrace AI and its enormous values. The AI Act, EU’s proposed regulation for AI, will require new governance models.
–“Responsible AI is not only valuable in order to avoid costly risks, it also gives companies a strong competitive position”, says Josefin Rosén, Ph.D, Nordic Leader AI & Analytics, SAS Institute.
– “An ethical filter on AI solutions is a prerequisite for innovation and commercialization of AI. Together with SAS Institute, we help companies and authorities accelerate AI innovations that people can trust”, says Anna Felländer, founder of anch.AI.
The AI Act that is expected to become effective in 2024 may come as a shock to companies – similar to when GDPR was introduced but with higher penalties. The risks of an unregulated development of AI are imminent. Within the EU, there is a consensus that a regulation is needed. It should also be supplemented with an EU directive that makes it easier for individuals to direct claims against those responsible for AI systems from which they suffer damage. The EU directive will require cross-functional governance in organizations between IT, legal and business operations. The companies and authorities that allow this regulation to become a competitive advantage instead of an administrative burden win the trust of customers and citizens.
The value of SAS Institute and anch.AI joint offering is the opportunity and ability for organizations and authorities to embrace AI with the speed that is required, while ensuring legal and trustworthy outcomes to all stakeholders.
anch.AI was founded by Anna Felländer in 2018. anch.AI’s platform for governance and control and ethical AI risks is based on a research-based framework. Today, the platform has over 250 users where AI projects are screened, risk assessed and where risk mitigation solutions are recommended. Reports on the degree of compliance with the AI Act are made, among other things, as well as results reports for AI ethical maturity. Anch.AI recently launched the AI Act Governance Sandbox, which is a safe test environment for how companies’ AI projects are affected by the upcoming EU regulations on AI.
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SAS on Responsible Innovation
Technology advancements impact our lives, our businesses, our nations and our planet. Creating and consuming technology can unlock human potential, yet also produce harm. As one of the first AI and analytics companies, founded in 1976, – and now the market leader with the most trusted analytics platform – SAS is committed to working with customers, partners and academia to increase the awareness of, and necessity for, technology that is ethical, equitable and sustainable for individuals and societies. Read more about responsible AI innovation with SAS here.