If you’re one of the 75% of companies that finds compliance to be a burden, we’ve got some excellent news. Generative AI is here, and it’s going to make meeting compliance mandates like HIPAA, GDPR, and SOC2 much easier than ever before.
Say goodbye to time-consuming audits, hours of paperwork, and labor-intensive policy management. With generative AI in your compliance arsenal, meeting regulatory objectives will become a competitive advantage, rather than a daunting hurdle.
Of course, we’re not talking about using applications like ChatGPT and Bard to boost compliance. Rather, we’re referring to a specific branch of AI called natural language processing (NLP).
Here’s everything you need to know about using NLP to revolutionize compliance management in your organization.
NLP for compliance: What you need to know
NLP is a fast-developing field of AI that enables machines to quickly understand and interpret human language: be it spoken word or written text found in word documents, PDFs, or chat apps like Slack and Microsoft Teams.
Here’s a look at the top use cases for NLP within the compliance landscape.
NLP offers a valuable solution for reducing the time spent by compliance professionals on interpreting complex regulations. According to research by Thomson Reuters, a significant portion of compliance professionals spend approximately 40% of their time each week tracking and familiarizing themselves with regulatory risks and changes.
Thankfully, by harnessing NLP-based solutions, keeping up with regulatory revisions can be seamlessly automated. Instead of relying solely on manual reviews, compliance teams can use NLP to sift through regulatory data across various regulatory sources and databases, making it straightforward to keep up with the changing compliance landscape.
Real-time risk management
NLP works wonders for analyzing unstructured data: text in apps like Slack and Microsoft Teams, PDFs, and word documents. This capability makes it extremely powerful for mitigating compliance risks such as data exfiltration and data leakage.
Previously, organizations had to rely on rule-based data loss prevention (DLP) tools to enforce compliance. However, in the age of cloud applications and unstructured data, these tools are ineffective at mitigating compliance violations.
By contrast, natural language processing, when combined with DLP capabilities like redaction and obfuscation, can bring much needed visibility and control directly into these applications, empowering compliance officials and security teams to automate the process of discovering, classifying and protecting sensitive but unstructured information.
Reporting & audits
Another noteworthy advantage of NLP technology lies in its ability to automate time-consuming compliance processes like reporting and audits. With NLP, compliance professionals no longer need to spend days manually sifting through documents and writing reports–NLP can do it for them.
As well as saving hours of time, NLP also reduces the chances of human error making its way into documentation, again saving time and boosting efficiency in the short and long-term.
Unlock the power of NLP today
For all the benefits of NLP, research indicates that the skills gap is hindering adoption in most organizations. But it doesn’t have to.
At Polymer, we believe that technical understanding should not be a barrier to harnessing the power of NLP for compliance, which is why we created our low-code, NLP-infused platform: Polymer DLP.
Polymer DLP takes minutes to install, even for non-IT folk, and can boost your compliance posture in just a couple more. Here’s how:
- No more compliance violations: Enriched with advanced NLP, Polymer DLP seamlessly and accurately discovers, classifies, and protects sensitive information in apps like Slack, Teams, and Chat GPT, ensuring that sensitive data is only used in line with your compliance requirements–and always protected from misuse and leakage.
- Pre-built policy templates: We understand how laborious it can be to configure security tools in line with compliance mandates. So, Polymer DLP comes with pre-built policy templates for regulations like HIPAA, SOC 2 and more, making our solution truly plug-and-play compliance.
- NLP-enhanced reporting: Harnessing the power of natural language processing (NLP) and automation, Polymer DLP collates granular insights on user behavior, data movement and policy violations. This means that, when it’s time for an audit, you can easily and quickly download and share a complete report.
- Build a culture of compliance: Our platform supports point-of-violation training, providing real-time nudges to users when they violate your compliance policies. This approach has proven to reduce repeat violations by over 40% within days.
Ready to transform the way you approach compliance? Request a demo of Polymer DLP today.