As SMBs embrace GenAI and automation, compliance becomes crucial. Gartner offers insights into GenAI's Hype Cycle position and the challenges compliance teams face from international data laws to AI policies. R.B.Hall Associates, LLC is here to help align your AI strategy with compliance needs.
What is driving interest in Generative AI among legal and compliance leaders?
The growing complexity of global regulations is prompting legal, risk, and compliance leaders to explore Generative AI and automation as essential tools for managing these challenges. Gartner highlights that assurance leaders view the adoption of these technologies as critical for navigating the escalating regulatory landscape.
What are the key considerations for adopting new technologies in assurance functions?
Organizations need to approach the adoption of new technologies with careful planning and targeted experimentation. Success relies on aligning technology solutions with specific business needs and understanding the limitations and integration challenges of these technologies. A pragmatic focus on measurable outcomes and sustainable adoption is essential.
How prevalent are Governance, Risk, and Compliance (GRC) tools in the market?
Gartner estimates that GRC tools are approaching mainstream adoption, with more than 50% market penetration. However, there is still significant disillusionment among users, as many organizations utilize multiple GRC tools rather than a single integrated solution, indicating a need for better alignment with user requirements.
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