Forbes Tech Council: Harnessing AI For Future-Proofing Regulatory Compliance

In an era marked by constant regulatory evolution, businesses face an ever-growing compliance challenge. With a staggering 300 million new regulations expected to emerge in the coming decade, firms must rethink their compliance strategies. Regulatory authorities now demand transparency, auditing of controls and robust policies, making compliance a top priority. The transformative power of artificial intelligence (AI), notably exemplified by the rapid ascent of technologies like ChatGPT, is reshaping industries and revolutionizing the way businesses operate. Yet, these innovations necessitate a profound shift in our approach to regulatory compliance, taking into account the risks and vulnerabilities created by AI.