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The Health and Safety Executive (HSE) has published an article outlining its approach to regulating artificial intelligence (AI) in workplaces.
The article has some implications that businesses should consider, as follows:
Regulatory compliance
As with any other area of the business, businesses need to ensure that their use of AI in the workplace complies with health and safety regulations.
Risk assessment
Businesses that use AI technology must conduct thorough risk assessments for that technology to identify potential hazards and implement appropriate controls to mitigate the risks.
This means considering not only physical safety concerns but also cybersecurity threats.
HSE have said that they are actively involved in ongoing work to develop their regulatory approach in this area, so it pays businesses to stay informed about these developments.
See: https://www.hse.gov.uk/news/hse-ai.htm
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For shareholders of owner-managed companies, dividends are still one of the most tax-efficient ways to take money out of the company. But with these increases coming in, it will be worth taking a fresh look at your extraction strategy.
