Compliance costs due to Al rules will rise to $5B by 2027: Gartner

Global companies will spend at least $5 billion by 2027 overhauling compliance systems, as conflicting AI regulations across just 50 per cent of world economies force firms to build country specific data controls, according to latest research data by Gartner. Overall, compliance costs can include legal and consultancy fees, appointing of data protection professionals, building of technical compliance systems, staff training and audits, said Probir Roy Chowdhury, partner, JSA Advocates & Solicitors. Read more