Organizations are increasing their investments in AI to support compliance and due diligence, but many remain wary of the reliability and accuracy of the technology’s outputs.
According to cybersecurity consultancy S-RM’s report, From Screening to Decision-Making: The Next Phase of AI in Compliance, 78% of the 225 compliance professionals surveyed expect spending on AI-enabled compliance and due diligence solutions to increase by nearly a quarter (24%) over the next one to two years from approximately $337,000 today to $416,000.
