EU draft legislation on artificial intelligence requires awareness
Companies who are in control, can get more out of AI
Once it was only in people’s imagination, projected on movie screens as science fiction. Now artificial intelligence (AI) is a rapidly growing part of our daily life. As exciting and groundbreaking its possibilities are, AI can also come with great risks. To protect citizens against misuse, the EU proposed this spring — being first in the world — a draft legislation. Basically affecting everyone, company or government, who makes AI-applications.
Our daily life is becoming more and more intertwined with AI, a catch-all term for a machine or system that makes decisions, based on large amounts of data, and improves itself while learning. The algorithms that recommend new information based on your search behaviour on social media, the face recognition on photos on your smartphone, or computers that select job applicants. It’s all AI. “It’s cheaper, faster and more accurate than people, so there’s almost no industry that does not experiment or work with AI,” say Tjakko de Boer and Owen Strijland from consultancy firm Protiviti. They follow the developments closely and advise companies how to prepare their organisations’ risk and governance structure for the EU AI legislation.