Turning Compliance Into Strategy: 4 Tips For Navigating AI Regulation
Technative, Wednesday, September 25th, 2024
The rapid acceleration of AI, particularly generative AI, has transformed the digital landscape.
Critical business functions like procurement, finance, and legal have since embraced AI to address financial challenges, improve efficiency, and create greater value within the enterprise. Notably, 44 percent of Chief Procurement Officers have led AI adoption efforts in the past 12 months, while 85 percent of legal teams are expected to utilize generative AI by 2026. However, as industries and businesses increasingly adopt AI technologies, the speed of this adoption has raised concerns about the unchecked use of AI.