- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Aaron Nicodemus2024-01-12T20:32:00
Data-driven compliance is the use of analytics on a corporation’s data to better identify risks, respond to those risks, test the effectiveness of internal controls, and report to internal and external stakeholders.
Once an aspirational goal available to only the most forward-thinking and well-funded programs, data-driven compliance has become more accessible, thanks to huge leaps in technology made by artificial intelligence (AI) tools.
Agencies like the Department of Justice (DOJ) and Securities and Exchange Commission, through speeches and enforcement actions, are pushing companies to better analyze their own corporate data. As a result, the use of data analytics is moving from best practice to table stakes for compliance programs at major companies.
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Andrew McBride, former chief risk and compliance officer at chemical company Albemarle Corp., joins the Compliance Week podcast with Aaron Nicodemus to preview his session at CW’s National Conference in Washington, D.C.
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