Guest contributor |
AI technology is advancing rapidly, meaning the AI regulatory landscape is also evolving at speed. The responsible use of AI by organisations is paramount to ensure public trust, as well as the protection of user data. Businesses embracing these tools must ensure they comply with regulations and industry standards, not just to fulfil their legal obligations but also to build long-term credibility and success in an AI-driven future.
At Microsoft Ignite 2024, Holistic AI launched version 2.0 of the Holistic AI Tracker, a real-time knowledge hub for AI governance, regulatory and compliance activity worldwide. This free tool – available on our website – has been designed to enable users to stay informed on the latest developments in AI and the potential impact of these technologies.
The Holistic AI Tracker includes three key features: the Atlas, the Feed and the AI Expert Community. The Atlas offers a graphical world map view of AI activity across key regions, providing users with an at-a-glance perspective. Customisable filters and real-time alerts enable organisations to stay updated on global AI regulations.
The Feed delivers relevant news and research, in-depth articles on significant developments, activity summaries and expert analyses crafted by our policy and legal experts. It also features contributions from the AI Expert Community, a global network of multidisciplinary experts collaborating to share insights on AI governance advancements.
Currently, there are almost 500 AI laws in progress globally, 200 of which are at the federal level in the USA, along with 83 lawsuits that pertain to generative AI alone. Approximately 100 penalties have been issued for AI systems in Europe. This is significant activity for a promising technology that is still in its early stages of adoption. Our Holistic AI Tracker is a powerful information resource that, together with the Holistic AI Governance Platform, enables companies to stay ahead of compliance requirements, avoid penalties, legal actions and reputational damage, all while helping to maximise the return on investment of their AI use cases. Our policy and legal team provides in-depth and thorough analyses of all the latest developments in the AI governance ecosystem.
The Holistic AI Tracker can be leveraged by numerous teams across an organisation. Legal teams can use it to monitor emerging laws, identify compliance gaps and track precedent-setting legal actions. Meanwhile, product teams can use it to stay informed about new regulations and standards, integrate compliance into product development and mitigate potential risks.
Although it functions as an independent knowledge hub, the Holistic AI Tracker has been designed as a companion to our AI Governance Platform, which integrates AI governance seamlessly with data and AI systems across an organisation. The Holistic AI Governance Platform automatically discovers AI projects in progress, simplifies inventory management, assesses technical and regulatory risks early in development, and offers actionable risk mitigation strategies.
Numerous organisations have already implemented Holistic AI’s solutions, including Aon, a financial services management firm. Michael Fetzer, associate partner of global science and analytics at Aon, described the Holistic AI Tracker as a “game-changer” for the talent management space. Over the last several years Aon has attempted to track legislation relevant to AI in the talent management space in a very labour-intensive way, however, the pace at which legislation is moving on a global scale made the process almost impossible. Fetzer says that by implementing our Tracker, the company now has a “comprehensive and up to date” solution that has saved Aon “hundreds of hours of manual labour”.
Tom Kemp, author of Containing Big Tech: How to protect our Civil Rights, Economy, and Democracy, also uses Holistic AI to stay up to date with AI legislation in his role as a policy advisor for political campaigns and advocacy groups. He says it’s a “no-brainer to help cut through the noise”.
Emre Kazim is CEO and co-founder (alongside Adriano Koshiyama) of Holistic AI
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