White paper: Drive value with trustworthy AI

  • Insight
  • May 30, 2024
Keith Power

Keith Power

Partner, PwC Ireland (Republic of)

~50%

of companies lack the human resources and expertise to implement AI.

26%

see regulatory requirements as a barrier to implementing AI systems.

€35m

fines can result from non-compliance.

Trustworthy AI: Implementing the EU AI Act as a value driver, our latest white paper, offers guidance on compliance and positions AI as a strategic driver for digital transformation.

It delves into the trust-related considerations crucial to AI governance, and defines a clear roadmap for implementing trustworthy AI systems. This paper: 

  • discusses the importance of AI governance, particularly if you want to implement AI at scale — and, more importantly, in a trustworthy way

  • outlines the EU AI Act’s objectives to set uniform standards and safeguard EU citizens

  • describes a risk-based approach for managing AI in your organisation in line with the act. 

Discover key insights including:

  • the direct applicability of the EU AI Act across member states, and how it affects both AI providers and deployers

  • the need to balance legal compliance with AI implementation to mitigate legal risks and avoid fines

  • a risk-based categorisation of AI systems, detailing requirements for minimal-risk, high-risk and prohibited AI systems

  • the imperative of human oversight and proper data management for high-risk systems

  • challenges in risk classification in light of the EU AI Liability Directive and demands on high-risk AI systems.

  • a proposed holistic AI governance framework to ensure compliance and quality, encompassing culture, coordination, communication and continuous improvement.

Trustworthy AI is an invaluable resource for any organisation navigating the complexities of the EU AI Act.

Lead an AI-driven future in your organisation

Scale your AI systems in a trustworthy way

Contact us

Keith Power

Partner, PwC Ireland (Republic of)

Tel: +353 86 824 6993

James Scott

Director, PwC Ireland (Republic of)

Tel: +353 87 144 1818

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