Council Post: How AI Can Be The Secret Sauce To Your Risk Management Strategy

It's no secret that AI can give organizations a major competitive advantage, whether it be predicting supply and demand surges or providing personalized recommendations. One way we're seeing an increase in AI being used is for its ability to anticipate and mitigate risks across organizations. Companies around the globe are leveraging AI to ensure legal compliance and mitigate risk. In fact, Gartner predicted that privacy-driven spending on compliance tooling would rise to $8 billion worldwide throughout 2022. The interest in adopting AI for risk management efforts is fueled by increasing data regulations and traditional methods of data oversight becoming unreliable, given the large volumes of data that organizations are handling.