AI co-pilots assist in tasks like finding answers, monitoring regulatory changes, and writing new policies, while AI agents automate tasks such as monitoring regulatory changes and managing third-party risks. Despite challenges like ethical considerations and data dependency, AI agents are already impacting areas like vendor assessments and compliance monitoring. GRC professionals are advised to evaluate AI platforms, start using co-pilots, plan for AI agents, and ensure proper AI governance and training as these technologies evolve.
Key takeaways:
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- AI co-pilots and AI agents are tools designed to enhance governance, risk, and compliance (GRC) processes, with co-pilots providing guidance and agents making decisions.
- AI co-pilots are more advanced in development and adoption compared to AI agents, which are still in early stages for GRC applications.
- AI co-pilots assist in tasks like finding answers, monitoring regulatory changes, and writing new policies, while AI agents automate tasks such as risk assessments and managing third-party risks.
- Successful AI adoption in GRC requires evaluating AI platforms, starting with co-pilots, planning for AI agents, and ensuring proper AI governance and training programs.