DailyPost 3063
AGENT AI FOR COMPLIANCE
The AI space is full of surprises even though we have accepted the fact of it bringing in monumental changes quite frequently. When we were getting satisfied with the giant leap OpenAI and ChatGPT had taken to make AI commonplace, the next phase of AI struck with a bang. This was Agent AI, a specialised action agent to fulfill your task end to end in that area or workflow or whatever. The complexity of modern day multifarious compliances with multi-geography complexities has made it very challenging for all corporations. Even with the best of efforts this drudgery has been both painstaking and killing. If you miss out on any of these, you had it. The risk is really great.
The risk of non-compliance includes blacklisting, financial penalties and reputational damage. Agent AI for compliance is so pathbreaking that it can be termed as the next evolution of corporate governance. What do mean by the next evolution? What will Agent AI do? Agent AI for this purpose is an autonomous, AI – powered system that proactively manages compliance, detects risks, and ensures regulatory adherence in real time. You can front end it with a comprehensive dashboard for making it fully effective and foolproof. Gaps if any before the compliance submission can be informed well in time, in tune with timelines and input ingestion.
What is the result thereof? Compliance transforms from a reactive to a proactive, self-sustaining system. Why does compliance need an Agent AI? Traditional compliance methods are still in vogue – manual audits, policy reviews and regulatory reporting are barely sufficient. But what do organisations require in the current day and age? They need real-time compliance monitoring, predictive risk assessment and automated enforcement. This magic can be delivered by Agent AI very efficiently. Agent AI would monitor global regulatory changes in real time, automatically updating compliance frameworks to align with news laws, policies, regulations and SOPs.
Agent AI would make compliance breaches a relic of the past. It would predict risks to be proactively addressed in time. Real time compliance audits would become the order of the day. Agent AI scanning through the whole universe of the local documentation and communication, it can work as an AI-powered whistleblower detector. Fraud and anomaly detection can be made mechanical, with no great effort to be made. The system would graduate from silos and at times smithereens to a single source of truth for governance. The Agent AI unified compliance dashboard will deliver real-time insights, compliance scores, and risk assessments.
IS ACCHE DIN OF COMPLIANCE ROUND THE CORNER?
Sanjay Sahay