1、David ChoiNikunj KhuttiAllen MeyerChatgpt and the compliance functionCutting through the clutterChatGPT and the compliance function Oliver Wyman2INTRODUCTIONChatGPT has been celebrated for its ability to generate human-like text but concerns about data privacy and accuracy have tempered the hype.As

2、a result,many companies have already prohibited its use in corporate settings.ChatGPT may not be ready for use in compliance functions where security and reliability are essential,but it is just one of many examples of language AI-enabled solutions that compliance professionals should be enthusiasti

3、c about.This technology ultimately will offer real opportunities to improve the effectiveness of compliance functions,if a considered analysis of its limitations are taken into account.As new language AI-enabled solutions are developed and introduced securely into corporate environments,compliance p

4、rofessionals will be excited to see solutions that can generate human-like text and effectively analyze large sets of text-heavy data including policies,emails,and instant messages,helping with everyday compliance activities in a meaningful way.Language AI-enabled solutions have the potential to aut

5、omate many of the highly manual and inefficient activities that compliance professionals grapple with daily.Language AI-enabled solutions are particularly useful for routine compliance tasks like writing initial drafts of documents or analyzing emails for potential policy/regulatory concerns,allowin

6、g compliance professionals to focus on more analytically oriented activities(for example,risk assessments).However,language AI-enabled solutions cannot“think”the way a human does and they should not replace the judgement of qualified compliance professionals.The use cases in compliance for language