Compliance programs must use robust technology and data analytics to assess their own actions and those of any third parties they do business with. At the very least, companies are expected to be able to explain the rationale for using third parties. This is a compliance game-changer. Historically, organizations could argue that they simply did not have the information available to identify potential compliance dissonance across their networks: the “needle in a haystack” defense. With modern data analytics and AI---not anymore.
Read Meet modern compliance: Using AI and data to manage business risk better to learn:
- How underestimating strategic risk is one of the top causes of shareholder value destruction
- How the combination of data analytics and artificial intelligence can give organizations a competitive advantage and help mitigate risk along the value chain
Risks are changing at a rapid pace. Keep up with them with modern analytics and AI.
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