What pain point does an AI risk register solve?
Most organisations already hold pieces of the answer: a security review, supplier questionnaire, DPIA, product ticket, model note or policy exception. The pain is that these records are separated, owned by different teams and reviewed on different cycles. When a buyer, board member or auditor asks what changed and who accepted the risk, the answer becomes a manual reconstruction exercise.
A useful register creates one traceable chain: AI system, intended purpose, affected people, failure mode, impact, owner, treatment, control, evidence and next review trigger.
How does the AI Act Ready platform turn risks into work?
The working governance workspace brings the AI inventory, risk assessment, controls, supporting evidence, remediation actions and revision history together. Teams can see which risks lack evidence, which actions are overdue and which decisions need review without pretending that software can make the judgement for them.
The practical benefit is reuse. The same maintained evidence can support internal governance, customer due diligence, board reporting and preparation for ISO/IEC 42001 rather than being recreated for each request.
What should every AI risk entry contain?
- Context: the AI system, feature, model, supplier and intended purpose.
- Risk statement: a credible failure mode, affected party and consequence.
- Ownership: the person accountable for the decision and the person completing actions.
- Treatment: avoid, reduce, transfer or accept, with rationale.
- Controls and evidence: what reduces the risk and how effectiveness is demonstrated.
- Review trigger: date, model change, new data source, incident, complaint or supplier change.
How does this support EU AI Act and ISO/IEC 42001 readiness?
The EU AI Act uses a risk-based approach and places different obligations on different roles and system categories. A maintained register helps an organisation document its reasoning and follow-up, but the applicable legal duties still depend on the facts. Start with the official Regulation (EU) 2024/1689 and obtain advice where classification or obligations are uncertain.
ISO/IEC 42001 provides an AI management-system structure for policies, responsibilities, risk processes and continual improvement. AI Act Ready helps organise the operational evidence; it does not provide certification or guarantee compliance.
Frequently asked questions
What problem does an AI risk register solve?
It gives each AI risk an owner, treatment, control, evidence source and review trigger so governance decisions can be followed through.
How does the AI Act Ready platform help?
It keeps AI inventory, risks, controls, evidence, remediation actions and revision history in one governed workspace while your organisation retains responsibility for decisions.
Does software make an organisation compliant?
No. Software can structure records and workflow, but accountable people must assess risk, approve controls, maintain evidence and obtain legal or specialist advice where required.
What is the next practical step?
Use the free AI Procurement Readiness Check to identify weak evidence areas, or request a platform walkthrough if your team already owns the governance process and needs one maintained workspace.