Data analytics when applied effectively has the power to detect and avoid risks in time to potentially save millions of dollars often spent on after-the-fact mitigation, remediation, investigation and litigation. The process efficiencies that it can bring to bear through automation and rationalization of hitherto manual processes leads to further cost benefits. Not to mention the transparency and insights that are available at your fingertips through a robust reporting and dashboarding framework.
In Compliance Week, Paresh Chiney and Valerie Charles share some tips to successfully conduct an assessment and elevate your compliance program using data analytics.
