Artificial intelligence (AI) is revolutionizing the global governance, risk, and compliance (GRC) landscape. As organizations strive to stay ahead in a rapidly evolving regulatory environment, AI-powered GRC solutions offer immense potential in streamlining operations, enhancing productivity, and delivering targeted outcomes.
Traditional GRC processes frequently struggled with siloed processes and limited resources, prioritized data storage over data insights. Holistic methodologies and end-to-end integration were often missing from the big picture. Lack of a single source of truth and on-time insights often led to delayed decision-making. Critical processes, like risk assessment and compliance adherence, used to be effort-intensive and manual, with little or no technology enablement or a proactive, future-ready outlook.