The uses for artificial intelligence are endless. Artificial Intelligence (AI) is the simulation of human intelligence processing by machines, especially computer systems. Specific applications of AI include expert systems, natural language processing (NLP), speech recognition and machine vision. Implementing AI in compliance can help leaders easily understand and adhere to regulatory requirements and make better decisions.

Various regulatory agencies pass new regulations every day, so keeping track of every new regulation can become difficult for a business to manage. AI can handle large amounts of data with speed and accuracy, letting a business know where they stand with being compliant with a specific regulation. The combination of artificial intelligence with computer vision and OCR can read through and understand hundreds of documents and highlight important information. A compliance officer can translate this information and take action based on what is presented.

AI solutions can constantly check sources of compliance rules and notify organizations of changes in real-time, vs having to run periodic audits. Businesses can be up to date with the latest regulations and compliances and avoid financial penalties.

Using AI in compliance is a step in the right direction to ensure regulatory compliance by businesses without burdening them with unnecessary time and resources. 2W Tech is a technology service provider specializing in solutions for the manufacturing industry. Give us a call today to learn more about our Cybersecurity Compliance program, along with artificial intelligence can help your organization with your regulatory compliances.

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