How does technology support compliance with regulatory requirements? 🔊
Technology supports compliance with regulatory requirements by automating data collection, reporting, and monitoring processes. Compliance management systems ensure that businesses adhere to industry standards and legal mandates, reducing the risk of non-compliance penalties. Tools such as data analytics, audit trails, and real-time monitoring help organizations maintain transparency and accountability. Additionally, technology enables efficient documentation and record-keeping essential for audits and evaluations.
Equestions.com Team – Verified by subject-matter experts