TPRM Summit: How to successfully implement data analytics

Data Analytics

The value-add of leveraging data analytics to mitigate third-party risk is, at this point, common knowledge. Access to real-time data updates and adverse media alerts as well as a single source of truth up and down the chain of command are just a few advantages. Many technology solutions are now equipped with prebuilt integrations, artificial intelligence, and natural language processing.

Still, a tool is a tool. You must know how to wield it to make good use of it—and avoid injury.

A panel of experts at Compliance Week’s virtual Third-Party Risk Management and Oversight Summit last week offered compliance practitioners a how-to primer on just that.

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