- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
The advent of new technologies such as AI, workflow automation and more are making audit more powerful than before, but auditors must learn how to master such tools.
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Will technology eventually replace people in the compliance space? Not anytime soon, say experts, who believe human analysis—and accountability—will never go away.
Data governance has become a key concern for companies, especially when the EU AI Act and General Data Protection Regulation have put a premium on handling data responsibly and ensuring that artificial intelligence does not cause harm.
The era of artificial intelligence adoption is testing the old ways of doing compliance, underscoring the need for continuous monitoring. Compliance isn’t a one-and-done activity, but sometimes organizational incentives and goals fail to prioritize the importance of this.
