The Intricate Dance: AI-Driven Data Collection and the Evolving Regulatory Landscape

Artificial Intelligence (AI) has planted firm roots in the dynamic world of technology, thriving in its prowess at collecting, processing and analyzing data. Using various tools and methodologies, such as web crawling, social media monitoring and digital analytics, AI exhibits the potential to drive data collection activities to new depths, seamlessly crunching vast volumes of data at record speed.

Confronting Risks in the Digital Era

The power to amass substantial data quantities undeniably gives organizations a competitive edge. Nonetheless, it’s a double-edged sword. By increasing data collection capabilities companies can gain rich insights about consumer behaviors to fine-tune business operations and fuel innovation. However, garnering such data attracts the dark underbelly of the digital world and cyber criminals, thereby raising the stakes of potential cybersecurity threats.

Moreover, this expansive data collection has started ringing alarm bells in regulatory corridors. As AI adoption continues to soar and data collection practices expand, the spotlight is increasingly on augmented regulatory scrutiny and compliance pressures.

Read the full article here (pg.253-255).

Learn how EPAM helps enterprises integrate digital risk management to address all areas of risk, compliance and governance here.