. https://www.analyticsinsight.net/using-big-data-ai-for-compliance/

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SHARESHARESHARE
USING BIG DATA & AI FOR COMPLIANCE
The compliance landscape is highly dynamic. Every industry, from banking to healthcare, is organized by at least one regulatory body. Be it HIPAA or PCI DSS; businesses are legally mandated to comply with a range of regulations. The multiplicity of regulatory organizations in some industries can make compliance to look like an unattainable goal. In the financial sector, for instance, there are more than ten regulatory agencies. These include the Consumer Financial Protection Bureau, and the Securities Exchange Commission.Requirements imposed by these regulatory agencies are not meant to stifle business. Instead, they are enacted to ensure the stability and sustainability of the economic system besides promoting fairness in respective industries. To stay compliant, companies must keep up with the ever-changing regulatory requirements in their respective industries. READ MORE