How AI is Changing the Face of Regulation

The role of artificial intelligence (AI) in regulation is changing rapidly, as the technology matures and is increasingly applied across a broad range of industries. While AI has the potential to improve regulatory outcomes by complementing human decision-making, there are also risks associated with its use. As AI technologies become more ubiquitous, it is important for regulators to understand both the opportunities and challenges posed by AI. AI can be used for a variety of tasks in regulation, from automating repetitive tasks to providing recommendations on how to respond to complex situations. Automation can free up resources that can be redirected to other activities, such as risk management or policy analysis. Moreover, by analyzing large data sets, AI can identify patterns that humans may not be able to detect.