artificial intelligence in real life
Artificial Intelligence(AI) has been a fascinating concept of science fiction for decades, but now we are finally getting to see AI as a reality. Artificial Intelligence, also called machine learning, is the ability of computer systems to perform tasks normally requiring human intelligence and where computers automatically learn from past data and keep becoming intelligent.
For instance, IBM Watsonis an artificially intelligent computer system capable of answering questions posed in natural language. IBM Watson takes a question expressed in natural language, seeks to understand the meaning of the question in greater detail and then returns a precise answer to that question.
Though it is hard to predict the applications and future of Artificial Intelligence, robots powered by artificial intelligence will be available to do any programmed processes including Governance, Risk & Compliance, in future. Robots will track the law, read the law, interpret and analyze the law and present you with gap analysis with respect to compliances and non-compliances, risks and control failures etc.
While Robotics takes its own course, with the law now changing almost on a daily basis, the complexities of compliances are only increasing and so are the penalties of non-compliances, faster than ever. It is therefore both urgent and important to adopt a compliance system which is intelligent, reliable and hassle-free.
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