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The EU AI Act's Impact on the Market and Recommendations for Technology Providers

Publisher IDC
Published Apr 18, 2024
Length 5 Pages
SKU # IDC18710706

Description

The EU AI Act's Impact on the Market and Recommendations for Technology Providers


The EU AI Act represents a significant regulatory milestone for technology vendors, emphasizing compliance, transparency, and accountability in AI development and deployment. It introduces stringent requirements for high-risk AI systems, mandates comprehensive risk assessments, and enforces robust quality assurance processes. While offering opportunities for innovation and strategic investments, the AI Act also presents challenges, including potential impacts on IT spending and legal and ethical complexities that vendors will have to navigate to ensure responsible AI innovation."The EU AI Act is not just regulation; it is a call to action for technology vendors to pioneer responsible AI innovation while navigating the complex landscape of compliance and opportunity." Ewa Zborowska, Research Director, IDC.

Please Note: Extended description available upon request.

Table of Contents

5 Pages
Executive Snapshot
New Market Developments and Dynamics
Understanding the Target Audience
Implications for Technology Vendors
Key Provisions of the AI Act
Impact on IT Spending
Acknowledging Imperfections
Advice for Technology SupplierS
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