1、InMoment White PaperInMoment White PaperA Better Approach to AI for Regulatory ComplianceCopyright 2022 InMoment,Inc.All rights reserved.Eric Smuda,Principal,CX Strategy&EnablementPAGE 02 A Better Approach to AI for Regulatory ComplianceCompanies with regulatory compliance burdens are flocking to ar

2、tificial intelligence(AI)for time-savings and cost reductions.The money involved is staggering:In 2021,Healthcare AI funding reached$8.5 billion across 366 deals at an average of$30 million each.1 The reasons for these investments?AI can deliver the global healthcare systems and services up to$906 b

3、illion of value annually,2 and AI could deliver the global banking industry up to$1 trillion additional value annually.3 And PwC predicts that AI could contribute$15.7 trillion4 to the global economy.But these big numbers dont eliminate the fact that every month brings new articles and think-pieces

4、about bursting the AI hype bubble.So,before you pay too much attention to those types of articles,let us tell you how our thoughts and experiences warrant a much better approach to AI for regulatory compliance.PAGE 03 AI for Compliance Requires More Than AINATURAL LANGUAGE PROCESSINGSEMI-STRUCTURED

5、DATA PARSINGMACHINE LEARNING AND AIThe truth is that“artificial intelligence”is just a tool.It doesnt really“do”anything on its own.What matters is how you combine AI with other technologies and the experts that know your business.In a field like regulatory compliance,for example,the challenges invo

6、lved can vary wildly by industry and country.So,in order to address these problems,you need a combination of three technologies and human expertise:The complex structure of regulatory and legal documents means that each of these technologies will fall short if its not supported by the other two and