Gartner Hype Cycle Highlights Rise in Gen AI and Automation as Legal, Risk, and Compliance Leaders Tackle Global Regulatory Complexity
As businesses move to adopt generative AI and automation, legal and compliance leaders are being pulled into high-priority conversations about risk, governance, and regulation. In this Gartner article, you'll get a closer look at where GenAI sits on the Hype Cycle — and the growing burden it places on compliance teams managing everything from global data laws to AI policy alignment. Read Gartner's expert take on the impact of regulatory complexity on tech adoption strategies, the responses of legal and risk leaders, and why compliance needs at at the GenAI strategy table. Need help aligning your AI strategy with compliance goals? Contact Baw Baw IT for guidance.
What is driving interest in Generative AI among legal and compliance leaders?
The growing complexity of global regulations is prompting legal, risk, and compliance leaders to explore Generative AI and automation as essential tools for managing these challenges. Gartner highlights that assurance leaders view the adoption of these technologies as critical for navigating the escalating regulatory landscape.
What are the key considerations for adopting new technologies in assurance functions?
Organizations need to approach the adoption of new technologies with careful planning and targeted experimentation. Success relies on aligning technology solutions with specific business needs and understanding the limitations and integration challenges of these technologies. A pragmatic focus on measurable outcomes and sustainable adoption is essential.
How prevalent are Governance, Risk, and Compliance (GRC) tools in the market?
Gartner estimates that GRC tools are approaching mainstream adoption, with more than 50% market penetration. However, there is still significant disillusionment among users, as many organizations utilize multiple GRC tools rather than a single integrated solution, indicating a need for better alignment with user requirements.
Gartner Hype Cycle Highlights Rise in Gen AI and Automation as Legal, Risk, and Compliance Leaders Tackle Global Regulatory Complexity
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