November 12, 2024

The Evolving AI Regulatory Landscape In Asia: What Compliance Leaders Need To Know

In this article:

The article takes a look at the evolving regulatory landscape for artificial intelligence (AI) in Asia, enumerating the approaches taken by countries like China, Singapore, and Japan.
It notes that Asian countries are generally more business-friendly in their AI regulations, prioritizing innovation and economic growth over strict mandates.
The article outlines the key differences in governance philosophies between Asia and regions like the EU, which have taken a more proactive and precautionary approach to AI regulation.
The article also emphasizes the importance of businesses adopting proactive compliance strategies to stay ahead of regulations, including integrating AI-specific governance frameworks, using AI to manage compliance, conducting regular risk assessments, and establishing cross-functional steering committees.
The article predicts that by 2025, AI regulations in Asia will become more comprehensive, targeting specific use cases and focusing on transparency and accountability.
It stresses the crucial role of compliance professionals in guiding organizations through this evolving landscape.

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