AI Act Readiness Check

In anticipation of the forthcoming Artificial Intelligence Act (AI Act), the European Union has formulated a substantial legislative proposal as part of its digital strategy to regulate the utilisation of artificial intelligence (AI) across a range of sectors, including research, industry, banking, and insurance. The AI Act, scheduled for publication in summer 2024, aims to mitigate potential risks associated with AI misuse, including undue influence and personal monitoring. It will do so by requiring early-stage regulatory actions to ensure compliance.

For companies preparing to navigate these new requirements, there are questions around what the AI Act will entail, its practical impacts, and who will be directly affected by the new standards. In order to meet these challenges, we have developed the X1F Evaluation Format, which is based on the Trustworthy AI framework, the AWS AI Policy and enhanced by AWS technologies. Our team of experts has designed this format to support companies in preparing for compliance with the new regulations. Leveraging our extensive experience in data management, AI governance, and AWS solutions, along with an in-depth analysis of the new regulations, we have created a format that is specifically designed to support companies in preparing for compliance, particularly within the banking and insurance sectors.

The X1F Evaluation Format provides organisations with a framework for assessing their AI/ML projects to ensure alignment with AI Act compliance requirements prior to deployment in sovereign jurisdictions. This approach enables companies to address digital sovereignty mandates and navigate a secure, compliant path to productionising AI/ML workloads within the EU regulatory framework.