We will explore the impact of how new technologies such as Generative AI affect Regulatory Affairs & Compliance professionals, where they help and where they it may introduce changes to existing business process and potentially impact job security within the profession.
An important aspect of the role of a regulatory affairs & compliance professional involves ensuring compliance with regulations and guidelines related to the development, testing, and marketing of products in various industries. With the increasing use of artificial intelligence (AI) in these industries, regulatory affairs professionals are being impacted in several ways.
A key benefit of AI is how it can have a positive impact by improving the efficiency and accuracy of regulatory compliance processes. For example, AI can be used to analyse large amounts of data from regulations and identify potential non-compliance issues more quickly than traditional time and labour-intensive methods. This can help regulatory affairs & compliance professionals make informed decisions about whether a product is both safe, legal and effective for consumers. This is a crucial requirement in FMCG companies as their products are directly used or consumed and could adversely impact consumer health and safety.
AI is already being used to automate certain tasks related to regulatory compliance, such as document or label review and approval. This can free up time for regulatory affairs & compliance professionals to focus on more complex tasks, such as strategy development and stakeholder engagement.
However, the use of AI in regulatory affairs & compliance also presents some challenges. For example, there is a risk that AI algorithms could produce biased results lacking informed technical review that could impact regulatory decisions. Additionally, there may be a need for regulatory affairs & compliance professionals to develop new skills related to AI, such as data analytics and machine learning, in order to effectively leverage these technologies.
Overall, the impact of AI on the job of a regulatory affairs professional is a complex and evolving issue that will require ongoing attention and adaptation in order to effectively navigate the changing regulatory landscape.
During this webinar we’ll explore real case scenarios of what AI does now and where it’ll be in 5 years from now.
Target Audience: The webinar is aimed at food regulatory compliance experts, affiliates managing regulatory compliance projects and anyone interested in learning more about AI-powered regulatory solutions.
Cost: No charge
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