AI vs. GRC: How AI can affect GRC areas of technology consultancies

AI (Artificial Intelligence) has proven to be a powerful tool in a number of areas, including Security Governance, Risk Management and Regulatory Compliance (GRC). As AI continues to develop and play an increasingly important role in our society it is critical to recognize the value and importance of the human component. While AI offers significant technological advances, there are areas where human judgment, experience and interpersonal skills are indispensable.

We, as workers in consulting firms and specifically in the GRC area, analyze the repercussion and impact that the arrival of AI may have in our professional field.

Will AI put an end to our jobs? This is a question that after the media boom that the irruption of ChatGPT has meant in our lives we ask ourselves without being able to avoid it, therefore, I have proposed to carry out an analysis to understand if AI could replace the work we develop at our clients, so below I allow myself to add my point of view on different aspects and/or reasons why, in my opinion, I understand that it is unlikely that AI can replace or at least take over the work developed in the GRC areas of technology consultancies:

Regulatory complexity

Regulations and laws related to risk management and compliance can become extremely complex. AI can help in automating certain tasks related to the work performed by GRC areas, but interpreting regulations and making decisions in complex situations often requires human judgment and expert knowledge of the business context and sometimes even human, and no less important budgetary and financial aspects. Consulting firms play a crucial role in providing expert guidance on how to comply with regulations and adapt to regulatory changes based on clients’ needs.

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