Compliance technology has been rising in popularity these past years. It enables businesses to maintain compliance, strong protection against cybersecurity risk, and governance programs. In relation to this, companies are putting efforts to make their websites accessible for everyone to comply with ADA standards or the Americans with Disabilities Act Standards for Accessible Design.
The Department of Justice published ADA compliance in September 2010. This compliance law indicates that all information technology and electronics must be accessible even for people with disabilities. ADA applies to public and commercial entities with places of public accommodation. It means that the internet should also be accessible.
To understand how technology is helping to meet compliance laws, this article will discuss more information about compliance technology. Let’s get right to the topic:
How does compliance technology help?
Compliance technology can indicate various services you can utilize to keep you updated with standards and regulatory requirements such as ADA. At first, compliance technology was just about having ample data storage for documentation. But, later on, it started to provide a wide range of services that allowed businesses to have better compliance program management. Since regulatory requirements keep changing, especially in the IT security arena, businesses today benefit a lot from compliance technologies.
Artificial Intelligence and compliance technology
Compliance technology that utilizes AI comes in different forms. Traditional AI theories emphasize using machines to implement “intelligent” tasks like using tools, seeing, thinking, and forming objectives and plans.
For instance, AI can survey information from different sources on the web to help compile compliance requirements. It can look for phrases that assist with staying up with the latest changes to guidelines by analyzing the material given. It will allow you to keep a persistent compliance approach.
On the other hand, it also aids in assessing compliance risks. Computers can be programmed to assign risk ratings to specific dangers depending on the possibility of an event and the importance of the data. Lastly, when combining a range of criteria and controls, artificial intelligence may be used in the classic sense to detect commonalities between frameworks and assist in gap analysis.
Machine learning and compliance technology
Machine learning is the most recent development of artificial intelligence. It utilizes big data to educate computers on how to acquire data, analyze it, and come up with predictions. Machine learning algorithms, for example, can analyze ransomware threats. They can also determine the actions they cause a computer to take and then predict if you’ve been infected with ransomware based on the program activities of your device.
Why is choosing the right compliance technology important?
Selecting the right compliance technology solution for your company is crucial. Since your company will be collaborating with such technology, it will work as an extension of the continuing compliance commitment of your company.
Also, companies will be able to utilize a system with the necessary functionality and the flexibility to scale for future regulatory requirements and business maturity if they obtain the correct compliance technology solutions using a best practices approach.
Ultimately, innovations in technology benefit companies by making it easier to meet compliance laws. Compliance technologies, however, shouldn’t completely displace living compliance specialists but be an additional tool for more efficient data analysis.