Glossary term
Glossary term
Governance and Compliance
The internal and external factors that shape AI governance, including business strategy, legal obligations, stakeholder expectations, culture, technology landscape, and existing control environment. Strong context analysis explains why an organization's AI risks, obligations, stakeholders, threat landscape, and assurance needs are different from another firm's.
A bank performing context analysis under ISO 42001 clause 4.1 will document obligations under SR 11-7, EU AI Act, GDPR, and Basel committee guidance on model risk.
A pharmaceutical company will include FDA Good Machine Learning Practice guidance, EMA reflection papers, and MHRA Software as a Medical Device rules in its AI context.
A public sector deployer in the EU includes Member State sectoral law, the EU AI Act, GDPR, the Charter of Fundamental Rights, and procurement directives in its context.