Impact Assessment for AI

Impact Assessment refers to a specific type of transparency report designed to help stakeholders assess the societal impact—both harms and benefits—of an AI system; it is generally created and reviewed before a system is put into use.

Impact Assessments for AI are systematic evaluations designed to analyze the potential effects of artificial intelligence systems on individuals, society, and the environment. These assessments identify risks, ethical implications, and compliance with regulations, ensuring responsible AI deployment. By examining factors such as bias, privacy, and transparency, organizations can mitigate negative consequences and enhance the positive impacts of AI technologies. Conducting comprehensive AI impact assessments is essential for fostering trust, accountability, and sustainable innovation in the rapidly evolving landscape of artificial intelligence.

The goal of AI impact assessment is to ensure that AI systems are developed and deployed in a responsible and ethical manner, maximizing their potential benefits while minimizing their potential risks.

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