A happy client, page-32

Is IAM able to think to the next level?

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The main application in Australia that IBM is selling Watson Ai involves comparing financial advice given by advisers with the requirements of the legislation.
At the moment this is done on a randomised basis by humans reading the Statements of Advice (SoAs) and comparing them with the compliance rules. Only about 5-10% of SoAs can be dealt with this way, which is why the banks have been getting into trouble. Improper, non-compliant advice is getting through.
Watson is going through every single SoA and are finding every non-compliant word or phrase, and doing it in seconds.
Hundreds, if not thousands, of people who currently do that work are about to lose their jobs."
IAM needs to be thinking and planning forward as this is the next big leap. If it can build AI into its compliance regime  then it might have something to sell......