How to Develop an AI Policy for Your Company
The responsibility of implementing and tracking the use of artificial intelligence at any company is growing more important every day as AI usage increases. In fact, in a survey from McKinsey, 65% of respondents say their organizations are regularly using generative AI in at least one business function, nearly doubling the survey’s last results.
Interested in developing an AI policy for your company? Read on to learn why it’s important and how to get started. Download the template to follow along.
Why is an AI policy important?
Beyond serving as a marker to progress with the trends—like 44% of companies who already have an AI policy in place, according to Litter—AI policies also protect your company from potential lawsuits and liabilities. Using AI-based technologies can put sensitive data at risk or inadvertently cause copyright infringement if not used properly. Plus, these policies are a crucial element for AI frameworks and regulations like ISO 42001 and the EU AI Act.
Who needs an AI policy?
Deciding whether your company needs an AI policy doesn’t have to be complicated. Consider whether your company fits into one of these groups:
- Your company or employees are using AI to some degree in their day-to-day
- Your company is developing technologies that use AI
- Your company needs to adhere to frameworks and regulations like ISO 42001 and the EU AI Act
What should an AI policy include?
Cover your bases. If you’ve developed company-wide policies before, you might have a framework in mind. Regardless, keep these key elements top of mind:
- The purpose and scope of the policy
- Alignment with company goals
- Process for deviations
- Risk management
- Monitoring and reporting
- External communication and transparency
Your company’s AI policy should be personalized to your company’s current and future usage of AI. Not every policy will look the same. Plus, this isn’t an exhaustive list. You might want to include monitoring and reporting information or required trainings for your company.
How can I get started?
For more, download this AI policy template developed by A-LIGN’s expert auditors to help you get started.
