Want to use AI in your audit, risk, or compliance program, but not sure where to start? Using it doesn’t need to be a daunting, high-resource task! Try one of these practical, quick-win use cases you can implement in weeks, not months. In this guide from OCEG, sponsored by AuditBoard, you’ll find five specific applications, the essential role of humans in these AI-enhanced processes, and foundational pillars for long-term success.
You’ve probably heard a lot about AI’s transformative potential. But if you think you need more resources or a budget windfall before you begin, that’s not true! This OCEG guide focuses on quick wins that drive value in weeks, not months, all while using the tools and data you already have at your disposal.
Inside, you’ll find five AI use cases for all areas of GRC, including:
- Risk management: Risk scoring and pattern recognition using your existing data
- Compliance: Automated regulatory monitoring and help with policy drafting
- Internal audit: Document review and evidence analysis
- TPRM: Vendor research and continuous monitoring
- GRC: Drafting policies, reports, and scenario planning
For
each use case, the guide outlines a common GRC challenge, how AI solves it, where humans need to be involved (and which roles on your team), and the benefits you’ll get out of it.
The use cases are followed by four must-have pillars of success: smart data strategy, human-AI collaboration, quick skills building, and essential governance. You don’t need to have each one
perfected to get started. Begin with quick wins and then strengthen each area, laying the foundation for more complex implementations.
Don’t overthink it! Get this guide and start making the benefits of AI a reality for your team today.
