Automation, emerging technology, and DOJ expectation of data analytics as part of compliance programs are all driving a business imperative to utilize compliance analytics for more strategic and predictive analyses. Data analysis is critical for monitoring and surveillance but also to direct overall risk and operations.
This article focuses on how to enhance compliance-related monitoring, testing, and analysis via data analytics and automation. It contains insights from KPMG professionals’ first-hand strategy and execution working with executives and their stakeholders and provides key takeaways to help organizations take steps to bolster their compliance monitoring, testing, and data analysis efforts, including:
— Mastering the data—a practical approach
— Automating the process—gaining efficiency and cost takeout
— Realizing predictive monitoring and testing—unlocking strategic insight.
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