Are you struggling to keep up with the ever-changing compliance programs in your business? Look no further than the award-winning Data Driven Compliance podcast, hosted by Tom Fox, is a podcast featuring an in-depth conversation around the uses of data and data analytics in compliance programs. Data Driven Compliance is back with another exciting episode The intersection of law, compliance, and data is becoming increasingly important in the world of cross-border transactions and mergers and acquisitions.
In this podcast episode, Tom Fox and Julie Myers Wood, CEO at Guidepost Solutions take a deep dive into the intersection of compliance and generative AI and how this intersection will lead to more data driven compliance. Wood emphasizes the importance of understanding the various ways AI can impact a company, including internal use, sales, compliance tools, freelancers, and criminal exploitation. Compliance teams need to have a comprehensive inventory of the tools being used and understand the capabilities and limitations of AI to ensure compliance and mitigate risks.
They discussed the need for companies to be aware of the potential risks associated with AI and have clear policies and procedures in place to protect intellectual property. He also discusses the importance of employee retraining and thoughtful decision-making when integrating AI into business practices. Overall, the podcast provides valuable insights into the challenges and considerations of incorporating AI into compliance programs, emphasizing the need for compliance professionals to adapt and stay informed.
Highlights Include
· Key Considerations for Compliance and AI
· Importance of Inventorying Tools and Managing Risks
· AI and Intellectual Property Protection
· Challenges of Implementing AI
· AI and Compliance
Resources:
Julie Myers Wood on LinkedIn
Guidepost Solutions
Tom Fox
Connect with me on the following sites:
