ISO 42001: The Global AI Management Standard

Overview of ISO/IEC 42001:2023, the first international standard for Artificial Intelligence Management Systems (AIMS), outlining its objectives, structure, and strategic advantages for organisations. It highlights the standard's role in promoting trustworthy and ethical AI by mandating a structured framework for managing risks and ensuring accountability throughout the AI lifecycle. The sources explore the implementation process, stakeholder responsibilities, common challenges, and best practices for achieving compliance. Furthermore, they contextualise ISO 42001 within the broader landscape of AI regulation and standardisation, comparing it to the EU AI Act and the NIST AI RMF, and showcase early adoption examples across various industries, underscoring its significance for the future of AI governance.