The International Standards Organization ('ISO') published, on 6 February 2023, the ISO/IEC 23894:2023 guidance on artificial intelligence ('AI') risk management. In particular, the guidance assists organisations that develop, deploy, or use AI systems to manage risks specifically related to the same. In addition, the guidance aims to support organisations in integrating risk management into their AI-related activities and functions and describes processes for the effective implementation and integration of AI risk management.

More in detail, the guidance is divided into three parts:

• Clause 4, which describes the underlying principles of risk management;
• Clause 5, related to a risk management framework; and
• Clause 6, on risk management processes.

Furthermore, the guidance includes three annexes, which cover common AI-related objectives, risk sources, and an example mapping between the risk management processes and an AI system life cycle, respectively.

You can access the guidance here and read its preview here.