Open Compliance Summit 2024

In recent years, artificial intelligence (AI) has emerged as a transformative technology with the potential to revolutionize industries globally. In India, the rapid growth of AI-based tech startups underscores the need for robust regulatory frameworks to ensure ethical, secure, and compliant AI deployment. This presentation analyzes existing AI and large language model (LLM) regulations in India, focusing on challenges and opportunities for AI startups. It explores the role of the Open Chain project and its ISO standards for security and compliance, ISO 5230 and ISO 18974, in supporting these startups. India's AI regulatory framework is evolving, with the Ministry of Electronics and Information Technology (MeitY), the National Strategy for Artificial Intelligence (NSAI), and the Personal Data Protection Bill (PDPB) 2019 playing key roles. AI startups face challenges in regulatory compliance, data privacy, and security. Implementing ISO standards offers structured compliance, enhanced data security, and improved operational efficiency. By adhering to ISO 5230 and ISO 18974, AI startups can navigate the regulatory landscape, protect user data, and focus on innovation and growth.