Ethics and compliance have evolved alongside digitisation, developing processes and purpose. Technology has evolved in driving ethics and compliance forward with two key aspects: (1) chances of more evidence being gathered and (2) efficiency in investigations and ethics-related operations within an organisational environment. While in many facets the technology is catching up to improve these two aspects, we, as the ethics and compliance practitioners, have come a long way in adopting emerging technologies.
The pace of technology-driven innovation globally has accelerated in recent years worldwide, and ethics and compliance technologies are attempting to follow the path set by global trends. With that said, here are six technology innovations that may in a few years change the landscape of ethics and compliance practices. Many of these innovations are now closer to market entry than we might have imagined.
Many of these tools and technologies may be close to practical utility in no time. With evolving technologies, it will become inevitable for ethics and compliance practitioners to adopt such specific technologies. These technology innovations can go a long way in driving an ethics culture, increasing efficiency and enhancing opportunities for gathering more evidence. Ethics and compliance practitioners look forward to the emerging technologies and must be prepared to adopt them.
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Sundar Narayanan is a fraud examiner by qualification and profession. He currently leads the Forensic Services division in SKP Group in India. He has extensive experience in employee fraud, senior management fraud and anti-corruption compliance reviews. Sundar has made several presentations and conducted training for clients on fraud investigation and anti-corruption compliance, including presenting two papers at the Wharton School on anti-corruption. He frequently writes on anti-bribery and corruption and investigation techniques.