New AI Rules: "Companies Underestimated the AI Act"

64 percent of the companies surveyed have so far taken little or no measures to implement the requirements of the EU AI Act, although 73 percent assess the need for changes to existing AI systems as high or very high, report CRIF, EY, and Business Circle.

Data Gaps Hinder AI Deployment

"Companies underestimate the AI Act," emphasized the information service provider CRIF, which also offers data-based solutions for identity and risk management, fraud prevention, and sustainability, in a release on Monday. Data gaps would hinder the deployment of artificial intelligence (AI). Many companies are not yet adequately prepared for the binding rules that will apply in a year for the use of AI (artificial intelligence, AI). Transparency, documentation obligations, and traceability are among the central requirements.

Although 62 percent of the companies surveyed plan to use AI, for example in risk management, the conditions for this are often not met. Almost 46 percent stated that they do not have sufficient data available for active and agile risk management; only just under 15 percent have complete real-time data.

"Technology can only be as good as the data on which it is based," said the managing director of CRIF Austria, Anca Eisner-Schwarz. She recommends focusing early on data quality, technological integration, and regulatory clarity. This creates a stable foundation - not only for compliance with new requirements but also for long-term resilience and strategic capability.

(APA/Red)

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