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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2023-11-29T16:00:00
Most compliance professionals say their teams are not using artificial intelligence (AI) to assist with compliance obligations, according to Compliance Week’s “Inside the Mind of the CCO” survey.
Asked in what areas they’re using AI, 59 percent of respondents said they aren’t. The survey received 322 total responses.
Of the 41 percent of respondents who said their compliance departments are relying on AI, the most popular use cases included improving policies and procedures (19 percent), monitoring third parties and communications (12 percent each), and keeping pace with regulatory change (11 percent). More than one response was permitted.
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News and analysis for the well-informed compliance or audit exec.
Annual Membership best value
Subscribe now for $365
Our lowest price ($1 per day) for one year.
2024-05-08T13:06:00Z By Aaron Nicodemus
Three experts join the Compliance Week podcast to discuss opportunities and risks posed by artificial intelligence, as well as governance frameworks your organization can implement to ensure AI tools are utilized safely and ethically.
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Large public companies say they are prepared to comply with the disclosure requirements of the SEC’s new cybersecurity incident rule, according to a survey conducted by Compliance Week and DLA Piper, but concerns exist that those reports could enhance the threat of future cyberattacks.
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Few compliance teams describe their access to company data as “robust,” according to a new survey conducted by Compliance Week and NAVEX, while apprehension toward the adoption of artificial intelligence remains a hurdle for the profession to clear.
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