AI and Compliance: Finding the Sweet Spot to Balance Benefits with Risk

NYC area AI and compliance expert discusses ways AI can enhance compliance efforts but urges caution in the face of increased risk—in a new article from eMazzanti Technologies

HOBOKEN, N.J., Feb. 2, 2024 /PRNewswire-PRWeb/ -- eMazzanti Technologies, a NYC area compliance expert discusses the benefits and risks posed by the intersection of AI and compliance. The informative article explains the advantage of leveraging the improved analytics and automation capabilities of AI to streamline compliance efforts.

At the same time, the author warns that AI also introduces significant compliance risks in the areas of cyber security, transparency, and protection of sensitive data. He concludes by suggesting several best practices that organizations should adopt to safely manage AI and compliance.

"AI presents a double-edged sword for compliance. To balance impressive AI benefits with significant risks, businesses must take a holistic approach that combines information governance with cyber security, monitoring, and robust training," explained Greg Smith, Vice President of Services Delivery at eGovernance.

Below are a few excerpts from the article, "AI and Compliance: Finding the Sweet Spot to Balance Benefits with Risk."

Improved Analytics and Automation Strengthen Compliance Efforts

"AI allows the automation of tedious tasks such as data collection and classification, reporting, and compliance monitoring. Automating these tasks improves both speed and accuracy. It also helps compliance officers find and track data on multiple platforms throughout the organization."

Unique Risks Necessitate Updated Strategies

"The rise of AI also introduces new cyber security risks. AI-powered cyber attacks greatly increase the risk of successful phishing attempts and data breaches. To demonstrate compliance, companies must be able to show that they have implemented appropriate security measures to counter these evolving threats."

Best Practices for Effectively Managing AI and Compliance

"Strengthen information governance with AI in mind – Effective AI depends on huge amounts of high-quality data. More than ever, businesses must know where their data lives and what their data contains. And they must carefully control AI access to data based on sensitivity and regulatory requirements."

Build a Comprehensive and Agile Data Compliance Strategy

In a rapidly evolving data landscape, businesses must be prepared to adapt strategies to address new technologies and complex regulations. By implementing a compliance solution designed to meet today's data challenges, organizations successfully navigate the risks and opportunities posed by AI.

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About eMazzanti Technologies

eMazzanti's team of trained, certified IT experts rapidly deliver increased revenue growth, data security and productivity for clients ranging from law firms to high-end global retailers, expertly providing advanced business cyber security, retail and payment technology, digital marketing services, AI, cloud and mobile solutions, multi-site implementations, 24×7 outsourced network management, remote monitoring, and support.

eMazzanti's consistent growth landed them on the Inc. 5000 list 9X. Recognized as a 4X Microsoft Partner of the Year, the #1 ranked NYC area MSP, NJ Business of the Year, and 5X WatchGuard Partner of the Year, the company excels as a trusted outsourced IT partner! Contact: 1-866-362-9926, [email protected] or http://www.emazzanti.net Twitter: @emazzanti Facebook: Facebook.com/emazzantitechnologies.

Media Contact

Kent Sorensen, eMazzanti Technologies, 14803345403, [email protected], www.egovernance.com

SOURCE eMazzanti Technologies