Data-driven compliance is the use of analytics on a corporation’s data to better identify risks, respond to those risks, test the effectiveness of internal controls, and report to internal and external stakeholders.

Once an aspirational goal available to only the most forward-thinking and well-funded programs, data-driven compliance has become more accessible, thanks to huge leaps in technology made by artificial intelligence (AI) tools.

Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...