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Showing posts with the label compliance

The AI Application Integration Challenge

Artificial intelligence (AI) has rapidly become the defining force in business technology development, but integrating AI into applications remains a formidable challenge. According to a recent Gartner survey, 77 percent of engineering leaders identify AI integration in apps as a major hurdle for their organizations. As demand for AI-powered solutions accelerates across every industry, understanding the tools, the barriers, and the opportunities is essential for business and technology leaders seeking to evolve. The Gartner survey highlights a key trend: while AI’s potential is widely recognized, the path to useful integration is anything but straightforward. IT leaders cite complexities in embedding AI models into existing software, managing data pipelines, ensuring security, and maintaining compliance as persistent obstacles. These challenges are compounded by a shortage of skilled AI engineers and the rapid evolution of AI technologies, which can outpace organizational readiness and...

GenAI: C-Suite Braces for Rapid Advances

While the vast majority of CEOs anticipate a significant upside growth potential from artificial intelligence (AI) adoption, there are others in the C-suite who are fearful of the impact. Rapid Generative AI (GenAI) adoption is the top-ranked issue for the next two years for Legal, Compliance, and Privacy leaders, according to a recent survey by Gartner. "Increases in capability and usability have prompted rapid and widespread company adoption of GenAI," said Stuart Strome, director of research at  Gartner . Generative AI Market Development While AI regulation is still being developed, however, uncertainties and unforeseen risks abound. Businesses will have to contend with these challenges to ensure the ethical and legal use of this powerful new technology. Gartner identified four areas that business leaders need to address: Limited Visibility into Key Risks The ease of adoption, widespread applicability, and the ability of GenAI tools to perform a range of different busines...

Legal Review: The Rapid Rise of Generative AI

The rapid adoption of Generative AI (GenAI) is the top-ranked issue during the next two years for Legal, Compliance, and Privacy leaders, according to the latest worldwide market study by Gartner. In a recent survey of enterprise business leaders, 70 percent of respondents reported rapid GenAI adoption as a top concern for them. "Increases in capability and usability have prompted rapid and widespread company adoption of GenAI," said Stuart Strome, director at Gartner . However, uncertainties and unforeseen risks abound. Leaders will have to contend with these challenges to ensure the ethical and legal use of this powerful technology. Generative AI Market Development Gartner industry analysts have identified four key areas that these leaders need to address. Limited Visibility into Key Risks -- The ease of adoption, widespread applicability, and the ability of GenAI tools to perform a range of different business tasks mean that assurance teams will have limited visibility in...

The Legal Challenges for Generative AI Policy

Are you taking baby steps toward Artificial Intelligence (AI) adoption? If so, you're not alone with the enterprise business leaders stuck on the sidelines, while the early adopters gain more momentum. As employees across the globe experiment with Generative AI (GenAI), the most cautious corporate general counsels are issuing guidance that will be valuable to those unsure enterprise leaders. "To craft an effective policy, general counsel must consider risk tolerance, use cases and restrictions, decision rights, and disclosure obligations," said Laura Cohn, senior principal researcher at Gartner . Enterprise Generative AI Market Development Having GenAI guardrails and policies in place will better prepare most slow-moving enterprises for possible future legal requirements. Meanwhile, the market leaders are racing ahead of their peer group. Based on practices in AI policies instituted by companies and city governments, the cautious general counsel should direct organizatio...

Solving IT Security and Risk Management Challenges

Business and technology leaders must address the key IT Security and Risk Management issues, as the COVID-19 pandemic impact accelerates demand for digital transformation, and creates new challenges for traditional cybersecurity practices. "The first challenge is a skills gap. 80 percent of organizations tell us they have a hard time finding and hiring security professionals, and 71 percent say it’s impacting their ability to deliver security projects within their organizations," said Peter Firstbrook, vice president at Gartner . Other key challenges facing IT security and risk leaders in 2021 include the complex geopolitical situation, increasing government regulations, the migration of workloads off traditional data networks, more endpoint device diversity, and a shifting cyber-attack environment. The following trends are expected to have a significant potential for disruption. Comprehensive IT Security Market Development A cybersecurity mesh is a modern security approach t...

AI Automation Tools Enable Data Privacy Compliance

Enterprise data privacy compliance has created a significant operational burden for many organizations. Now CIOs and CTOs are adopting automation tools that can ease the task of ensuring that their employees follow the relevant domestic and international requirements. Over 40 percent of privacy compliance technology will rely on artificial intelligence (AI) solutions by 2023 -- that's up from 5 percent today, according to the latest worldwide market study by Gartner. "Privacy laws, such as General Data Protection Regulation (GDPR), presented a compelling business case for privacy compliance and inspired many other jurisdictions worldwide to follow," said Bart Willemsen, research vice president at Gartner . Data Privacy Compliance Market Development More than 60 jurisdictions around the world have proposed or are drafting post-modern privacy and data protection laws. Canada, for example, is looking to modernize its Personal Information Protection and Electronic Doc...

IT Security-Related Revenues will Reach $133.7B

Cybersecurity solutions demand has remained strong during 2018, as more CIOs and CTOs need to ensure that their digital transformation projects have a high degree of digital trust built-in. Data privacy-related legislation has also fuelled the market for expert professional services that are skilled in IT security compliance. According to the latest global market study by International Data Corporation (IDC), worldwide spending on security-related hardware, software, and services is forecast to reach $133.7 billion in 2022. Although spending growth is expected to gradually slow over the 2017-2022 forecast period, the market will still deliver a compound annual growth rate (CAGR) of 9.9 percent. As a result, security spending in 2022 is anticipated to be 45 percent greater than the $92.1 billion forecast for 2018. IT Security Market Development "Privacy has grabbed the attention of Boards of Directors as regions look to implement privacy regulation and compliance standards ...

Digital Trust: Why Enterprise IT Compliance Matters

Do you wonder, are there significant benefits for building a culture of digital trust? New research has uncovered a direct connection between the cause and effect of bad actors in organizations across the globe. Information technology has many uses, but business leaders must be mindful of compliance. Twenty-nine percent of employees observed at least one compliance violation at work in 2016 or 2017, according to the latest worldwide market study by Gartner. The survey, which sampled more than 5,000 employees at all levels, found that these workers are twice as likely to leave their organization. Fifty-nine percent of the sampled employees who observed a compliance violation were actively looking for a new job, compared with 29 percent who did not witness bad behavior. The Business Case for Compliance "While attrition is not an obvious area of concern for compliance executives, it should be," said Brian Lee, compliance practice leader at Gartner . "Employee miscon...