{"id":22697,"date":"2025-08-06T08:11:41","date_gmt":"2025-08-06T02:41:41","guid":{"rendered":"https:\/\/thecatalystonline.in\/thecatalyst\/how-assessments-can-unlock-ais-full-potential\/"},"modified":"2026-08-19T18:32:17","modified_gmt":"2026-08-19T13:02:17","slug":"how-assessments-can-unlock-ais-full-potential","status":"publish","type":"post","link":"https:\/\/thecatalystonline.in\/thecatalyst\/how-assessments-can-unlock-ais-full-potential\/","title":{"rendered":"How assessments can unlock AI\u2019s full potential"},"content":{"rendered":"\r\n

Businesses that undertake effective assessments of their artificial intelligence (AI<\/a>) systems can better harness the technology\u2019s potential to boost innovation, productivity, and growth, according to a policy paper published by global accountancy body ACCA, (the Association of Chartered Certified Accountants) <\/a>and global professional services organisation, EY.<\/p>\r\n\r\n\r\n\r\n

The report \u2013 AI Assessments: Enhancing Confidence in AI \u2013 explores the emerging field of AI assessments, which encompasses a broad spectrum of AI evaluations, spanning technical, governance and compliance assessments, through to more traditional assurance and audits.<\/p>\r\n\r\n\r\n\r\n

It outlines the role these assessments can play in evaluating whether AI systems are well governed, compliant with applicable laws and regulations, and perform in line with business leaders\u2019 and other users\u2019 stated expectations. It makes the case that effective AI assessments allow businesses to deploy AI systems that are more likely to be effective, reliable and trusted.<\/p>\r\n\r\n\r\n\r\n

The paper also addresses the current challenges that come with these emerging types of AI assessments and identifies the key elements needed to make them robust and meaningful for their different users.<\/p>\r\n\r\n\r\n\r\n

AI assessments, whether voluntary or mandated, are increasingly being considered and used by businesses, investors, insurers and policymakers as adoption and deployment of AI accelerates around the world, and amid a growing need to build and enhance trust in the technology.<\/p>\r\n\r\n\r\n\r\n

The publication of this paper comes at a time when the policy landscape relating to AI assessment continues to evolve. Among the latest developments is the Trump administration\u2019s publication of an AI Action Plan, which states that \u2018rigorous evaluations can be a critical tool in defining and measuring AI reliability and performance in regulated industries.<\/p>\r\n\r\n\r\n\r\n

The paper details how effective AI assessments can foster increased confidence in AI. The paper identifies three emerging types of AI assessments:<\/p>\r\n\r\n\r\n\r\n