What Is AI Management System?
AI Management System is a systematic framework of policies, processes, and controls that an organisation uses to manage the development, deployment, and use of artificial intelligence throughout its lifecycle.
AI Management System — a systematic framework of policies, processes, and controls that an organisation uses to manage the development, deployment, and use of artificial intelligence throughout its lifecycle.
ISO/IEC 42001 defines the requirements for an AI Management System (AIMS), analogous to how ISO 27001 defines an information security management system. An AIMS provides the structure — documented policies, roles, risk assessments, monitoring, and continual improvement — that transforms ad hoc AI governance into a repeatable organisational capability. APRA and FCA have both signalled that demonstrating a mature AIMS is the expected standard for regulated firms.
Source: ISO/IEC 42001:2023, Clause 1
Plain-language explanation
ISO/IEC 42001 defines the requirements for an AI Management System (AIMS), analogous to how ISO 27001 defines an information security management system. An AIMS provides the structure — documented policies, roles, risk assessments, monitoring, and continual improvement — that transforms ad hoc AI governance into a repeatable organisational capability. APRA and FCA have both signalled that demonstrating a mature AIMS is the expected standard for regulated firms.
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