Exposing Generative AI's Unusual Application in Regulatory Compliance

For a long time, one of the most difficult and resource-intensive tasks in businesses has been regulatory compliance. Businesses spend a lot of time and money attempting to stay on the right side of the regulatory fence, from managing risk documents to keeping up with constantly changing regulations to making sure audits are accurate. Historically, manual checks, organized rule-based systems, and a strong dependence on human expertise have dominated compliance. However, a unique and rather surprising use case is emerging with the rise of generative AI: using AI as a partner in decoding, understanding, and even simplifying compliance itself, rather than just as a tool for automation. Why It's Time to Rethink Compliance The regulatory environment around the world is changing more quickly than ever. Think about sectors like data privacy, healthcare, and finance, where new rules and regulations appear seemingly every three months. Three major obstacles must be overcome by compliance te...