Spurred by the EU AI Act, preparing for new AI regulation is fast becoming a major priority for organizations globally. In this flipbook, we dive into the idea of regulatory readiness. Fundamentally, readiness is all about preparing and planning and includes items like raising awareness, enhancing understanding, and establishing solid foundations to facilitate effective implementation of future compliance activities.

Why bother with readiness? To save costs! By anticipating compliance needs and investing in change management or technical systems (two main categories of foundations that we will break down in this guide), organizations can reduce future compliance costs. If this step is skipped, organizations risk having to implement measures that support governance processes urgently, which can include making the wrong initial decisions and reinvesting in recovering from those, which can cost time as well as funding with respect to staffing and technical solution decisions.