To survive in the era of AI — and keep up with the flood of legislation surrounding the evolving technology — organizations need to transition from a document-first mindset to a data-first one, says Steph Holmes of EQS Group. That means embedding the rules and principles of your traditional compliance policies into a living compliance system, one that adapts and serves your employees in real time.
Traditional compliance policies served as the standard resource for an organization’s corporate compliance and governance for decades. They shielded the organization from liability and provided a centralized, uniform and static set of rules for its employees. This document-first philosophy assumed that a written set of principles could effectively mitigate risk and align a company around a culture of compliance.
Times have changed. The rapid advances and adoption of AI — and the ensuing fragmentation of AI, privacy and data laws — has created a fast-moving regulatory landscape where a static set of compliance policies has become not only outdated, but a significant legal liability.
Nearly three-quarters of companies in a recent survey said it was somewhat difficult to keep handbooks in compliance with federal law, while over half reported that they struggled to stay in compliance with state or…
