Many chief compliance officers and compliance practitioners struggle with metrics to demonstrate revenue generation. Most of the time, such functions are simply viewed as non-revenue-generating cost drags on business. This may lead to compliance functions being severely reduced in this downturn. I believe, however, such cuts would be far from short-sighted; they would actually cost energy companies far more in the short and long term.

Thomas Fox has practiced law for over 40 years. Tom writes the daily award-winning blog, the FCPA Compliance and Ethics blog and founded the Compliance Podcast Network. Tom leads the discussion on AI in...