European privacy regulators are taking drastic measures to ensure laws related to the use of AI and data protection are followed. With an ever-growing amount of businesses utilizing artificial intelligence for tasks such as automated human resources, customer service chatbots, and fraud prevention technology, clear guidelines must exist. Margrethe Vestager of the European Commission has declared that new regulations will be put in place to create trust in AI globally.
Under this new legislation, certain uses of AI deemed risky – such as biometric identification and managing critical infrastructure – will be heavily regulated. This draft legislation is expected to go into effect by 2022. To make sure no unethical errors occur, those responsible for the development of AI products must be aware of the dangers of bias and unfair outcomes; further, privacy teams should be involved at the beginning stages of production.
In light of recent events, it’s more important than ever to protect both consumers and companies against potential data violations. With these stringent EU regulations, a secure and equitable future awaits us all.