Overcoming AI resistance for corporate compliance professionals

Artificial intelligence (AI) presents a challenge for corporate executives. On the one hand, the promise of AI, automation, and analytics is unequivocal; a 2023 Gartner Survey revealed that 79% of business strategists consider these technologies essential for their success. On the other, hardly 20% engage with AI in their regular tasks. The disparity between intention and action is significant, particularly in compliance, where AI presents unparalleled opportunity to mitigate risk, improve efficiency, and guarantee regulatory conformance. In the recent Harvard Business Review article “Why People Resist Embracing AI,” author Julian De Freitas examined this issue and offered strategies for addressing it.

Notwithstanding its potential, the adoption of AI is impeded by human scepticism. Concerns encompass apprehensions around job displacement and scepticism about AI’s ability to make ethical decisions. For compliance experts, comprehending and mitigating these obstacles is essential for using AI to enhance compliance procedures and promote corporate integrity. A recently published article examines the obstacles faced by compliance executives and strategies for overcoming them by adapting the above-mentioned Harvard Business Review article for compliance professionals.

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