Compliance standards

The concept of compliance is about how an organization will operate respectfully while considering a set of laws and policies that are specific to its industry, headquarters location, and the countries it may do business with to ensure privacy and security. Compliance requirements will dictate most of the requirements of an organization’s governance.

Any business might have to comply with more than one regulation, depending on their activities. A good example would be a US-based software company leveraging artificial intelligence (AI) within the healthcare sector, with Software-as-a-Service (SaaS) and on-premises offerings for medical practice across the globe. This implies the following legal compliance:

• The United States Health Insurance Portability and Accountability Act (HIPAA), for handling patient records
• The European Union General Data Protection Regulation (GDPR), a European Union regulation for collecting, processing, and storing...