The Executive Circle "AI Driven Next Generation Compliance" is entering a new round. On 25 April, CEOs and decision-makers from various industries came together at KI Park to discuss the integration of AI into compliance strategies in depth.
Artificial intelligence will fundamentally change the way we work. The strategic use of AI will accelerate transformation processes through deep learning, blockchain, reinforcement learning, rule-based systems, big data and AI-driven chatbots. AI is proving to be particularly valuable in the management of complex tasks in legal departments.
In the new study "AI-Driven Next Generation Compliance", the potential uses of AI to ensure compliance were analysed in detail. Following an opening speech by the Bavarian Minister of Justice Georg Eisenreich the study results were analysed by Prof. Dr Sabina JeschkeCEO of the KI Parkand Dr Tobias FuchsChairman of the Advisory Board of the KI Park. At the event, the KI Park also welcomed the President of the BDI, Prof Dr Siegfried Russwurmto discuss this extremely important topic for German industry. It was organised by Claudia PlattnerPresident of the BSI, and Fritz EstererCEO of WTS Germany, accompanied.
The study results are summarised as follows:
Compliance organisations are driven by complex regulations, skills shortages and AI advancements that are impacting all industries.
Companies are evolving into "self-aware" cognitive organisations that use data analytics and AI for informed decision-making and adaptability.
Advanced technologies such as IoT and cloud computing are an integral part of these cognitive organisations.
The networking of business processes and the creation of holistic data lakes break down silos and increase efficiency.
AI-supported compliance offers competitive advantages by minimising risk and increasing precision.