KPMG Australia has made history as the first organization worldwide to receive certification from BSI for the internationally recognized standard designed to promote the safe and responsible management of artificial intelligence (AI). This groundbreaking achievement emphasizes KPMG’s commitment to building trust and ensuring secure AI usage across various sectors.
1. Overview of BSI Certification
- KPMG Australia is the first to achieve certification to the BS ISO/IEC 42001 standard.
- Aimed at empowering organizations to use AI responsibly and ethically.
2. Purpose of the Standard
- Addresses challenges like non-transparent automatic decision-making.
- Focuses on machine learning and continuous improvement.
- Promotes a quality-centric culture in AI development.
3. Key Features of the Standard
- Provides a framework for establishing and improving AI management systems.
- Details context-based AI risk assessments and controls for AI products and services.
- Encourages organizations to design AI solutions that benefit both the business and society.
4. KPMG Australia’s Commitment to AI Governance
- Established a dedicated team to pursue BSI certification shortly after the standard’s release.
- Underwent a thorough audit of their AI governance, project management, and Trusted AI practices.
- Highlights the importance of continuous improvement beyond meeting minimum standards.
5. Statements from Industry Leaders
- Manuela Gazzard, BSI: Stressed the need for guardrails for safe AI use and commended KPMG for their achievement.
- John Munnelly, KPMG Australia: Highlighted AI’s potential for solving complex challenges and emphasized their commitment to ethical technology adoption.
KPMG Australia’s certification under the ISO 42001 standard marks a significant milestone in the global landscape of AI management. This achievement not only reinforces the organization’s dedication to ethical AI practices but also serves as a model for other companies aiming to responsibly harness AI technology. With this certification, KPMG is poised to lead the charge in promoting the safe integration of AI across various industries, paving the way for a sustainable future.