Navigating the Shift to AI Compliance in Australian Businesses

Navigating the Shift to AI Compliance in Australian Businesses

Australian businesses leveraging AI need to drive their own compliance solutions to stay ahead. Globally, policy-makers are scrambling to legislate industrial compliance standards.

The Australian Government's eight Artificial Intelligence (AI) Ethics Principles are the start of what is expected to be a series of frameworks and policies that businesses will need to adhere to.

Partnering with compliance experts such as CIBIS ensures proactivity when it comes to principles or potential policies. CIBIS products, like Formlify Form Builder, are already meeting the highest level of security and ensure compliance with Australian data privacy regulations.

Best Practices for Compliance

1.    Conduct AI Risk Assessments:
Evaluate AI tools for potential ethical, privacy, and security risks. This ensures alignment with international frameworks such as the OECD AI Principles.

2.    Implement Data Governance Policies:
Safeguard sensitive customer information by adhering to robust data governance strategies. Utilise technologies that anonymize or encrypt data to comply with the Commonwealth Privacy Act 1988.

3.    Adopt Transparent Practices:
Build AI models that explain decisions and outcomes, empowering users and regulators to understand how data influences AI behaviour.

4.    Stay Agile with Monitoring Tools:
Deploy monitoring tools to assess AI systems for ongoing compliance and ethical risks.

The Role of Formlify in AI Compliance

Formlify Form Builder offers a powerful, secure platform for managing forms and data, making it an essential tool for ensuring compliance with Australian data privacy regulations.
Government, university and private sector clients trust Formlify to maintain the integrity of sensitive information while adhering to strict compliance standards.

How CIBIS Can Help

CIBIS, with its expertise in compliance and data security, offers tailored solutions to help businesses navigate this complex environment. By integrating ethical AI principles and state-of-the-art cybersecurity measures, CIBIS ensures organisations stay compliant while reaping the benefits of AI innovation.