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AI lifecycle risk management: ISO/IEC 42001:2023 for AI governance

  • ISO/IEC 42001 provides a framework for AI governance to ensure responsible, ethical, and compliant AI systems across the lifecycle.
  • AI governance involves activities like stakeholder alignment, data and model management, explainability, and accountability.
  • ISO/IEC 22989:2022 describes the AI lifecycle stages from inception to retirement, emphasizing the importance of governance at each stage.
  • ISO/IEC 42001:2023 outlines risk management requirements, including risk assessment, operational controls, monitoring, and continuous improvement.
  • AI Impact Assessments (AIIAs) are essential for high-risk use cases to evaluate societal, ethical, and legal impacts.
  • Framework options like ISO 31000 and NIST AI RMF offer structured methods for AI risk assessment and management.
  • Threat modeling tools such as STRIDE, DREAD, and OWASP are utilized to identify and mitigate AI system vulnerabilities.
  • AWS tools like SageMaker Model Cards, SageMaker Clarify, and Ground Truth assist in ensuring transparency, fairness, and accountability in AI.
  • AIIAs help in evaluating risks associated with AI systems, ensuring ethical use and appropriate mitigation strategies.
  • Continuous monitoring, threat modeling, and compliance audits are crucial for maintaining effective AI governance and risk management.

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