Why become compliant with the AI act ?
For life sciences companies, compliance with the AI Act is essential to ensure that AI applications, which are increasingly integral in research, diagnostics, and patient care, are developed and deployed in a manner that prioritizes patient safety, data privacy, and ethical considerations. Complying with the AI Act enables life sciences companies to maintain access to the European market, build trust with healthcare providers and patients, and proactively mitigate legal and reputational risks associated with AI technologies, thus fostering responsible innovation and competitiveness in a rapidly evolving industry
The AI Act classifies AI systems based on their risk to fundamental rights. Those deemed high-risk will be subject to stricter regulations. In life sciences, many AI applications, such as those used for critical healthcare decisions or drug discovery, could be classified as high-risk.
The AI Act emphasizes transparency in AI systems. For life sciences, this means companies would need to ensure that AI models, especially in diagnostic or treatment recommendation tools, are explainable and that patients are informed when AI is used in their care.
The AI Act underscores the importance of training AI models with high-quality datasets. For life sciences, this emphasizes the need for robust, diverse, and representative data, especially when developing medical AI tools that can impact patient health.
High-risk AI applications in life sciences may require third-party conformity assessments before deployment to ensure they meet the AI Act's requirements.
The act would require robust documentation for high-risk AI systems. This can affect life science companies by obligating them to maintain detailed records of AI system training, testing, and deployment.
For AI tools used in life sciences, continuous monitoring after they're deployed would be essential to ensure ongoing compliance and safety.
How can iliomad Health Data help you ?
iliomad has assisted healthcare companies in crafting AI models for various purposes, such as diagnosis, monitoring, and imaging. The experts at Iliomad can guide you in pinpointing the kind of AI model you're creating, evaluating potential risks, determining responsibilities, and formulating a strategy to develop and launch your models in a compliant manner.
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