Artificial Intelligence in Compliance
April 9th, 2019
How Profiles can materially strengthen your compliance program while enhancing GDPR compliance
The use of Artificial Intelligence (AI) in compliance is not a new concept. Neither is the creation of a Profile database to facilitate a multinational company’s compliance-related due diligence and risk assessment efforts. However, using AI to create, enhance, refine and update said Profiles is a relatively new innovation. With AI, millions of records and news articles can be aggregated, linked, and structured into individual Profiles which can then be updated in real-time. Nonetheless, this still brings up some highly relevant questions, such as:
- Why should compliance industry professionals use Profiles?
- What are the benefits of applying AI technology to Profiles?
- How might data privacy issues and GDPR impact Profiles?
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