The role of technology as a pillar of regulatory risk management
Posted: Thu Feb 20, 2025 6:27 am
Technological advancement has been gaining more and more space in today's societies and transforming several economic sectors, which have invested in technology as a driving tool for business.
To give you an idea, according to a study conducted by the International Data Corporation (IDC), investments in technology are expected to grow by 7.1% in Brazil by the end of 2021. Resources focused on data analysis and artificial intelligence (AI) are among the priorities for 52% of the companies surveyed. With AI alone, the survey estimates that, this year, spending in the country will total US$ 464 million.
For the area of Institutional and Government Relations (RIG), the georgia mobile database scenario is no different. Technology has played an increasingly important role in day-to-day operations by enabling the enhancement of lobbying strategies and anticipation of regulatory risks .
The use of data and process automation give RIG professionals a macro view of the operating environment, while helping to determine specific actions. As a result, the adoption of technological resources has become a decisive factor in building action strategies and successfully defending interests.
This occurs mainly because the routine of these professionals demands the processing of a huge amount of information that guides their activity. At any given time, proposals that are processed in the Legislative Houses can directly affect companies and the sector as a whole, which requires constant monitoring of actions by those responsible for the RIG area, as well as strategic reading of all monitored data.
According to the Origem Yearbook , maintaining dialogue with the Executive and Legislative branches and regulatory agencies is the main task in the area's daily routine. Working with governments was highlighted as a priority by almost 90% of respondents, followed by legislative monitoring, with three quarters of the professionals participating in the survey.
In addition, work focused on regulatory risk analysis and dialogue with the third sector and organized civil society were also listed as priorities. The report also points out that the main challenges for the area are the creation of management processes and the development of more solid and transparent dialogues with government agents.
Therefore, RIG professionals need to work daily on several fronts in which technology is essential to speed up processes and provide greater assertiveness and effectiveness in the actions performed.
To give you an idea, according to a study conducted by the International Data Corporation (IDC), investments in technology are expected to grow by 7.1% in Brazil by the end of 2021. Resources focused on data analysis and artificial intelligence (AI) are among the priorities for 52% of the companies surveyed. With AI alone, the survey estimates that, this year, spending in the country will total US$ 464 million.
For the area of Institutional and Government Relations (RIG), the georgia mobile database scenario is no different. Technology has played an increasingly important role in day-to-day operations by enabling the enhancement of lobbying strategies and anticipation of regulatory risks .
The use of data and process automation give RIG professionals a macro view of the operating environment, while helping to determine specific actions. As a result, the adoption of technological resources has become a decisive factor in building action strategies and successfully defending interests.
This occurs mainly because the routine of these professionals demands the processing of a huge amount of information that guides their activity. At any given time, proposals that are processed in the Legislative Houses can directly affect companies and the sector as a whole, which requires constant monitoring of actions by those responsible for the RIG area, as well as strategic reading of all monitored data.
According to the Origem Yearbook , maintaining dialogue with the Executive and Legislative branches and regulatory agencies is the main task in the area's daily routine. Working with governments was highlighted as a priority by almost 90% of respondents, followed by legislative monitoring, with three quarters of the professionals participating in the survey.
In addition, work focused on regulatory risk analysis and dialogue with the third sector and organized civil society were also listed as priorities. The report also points out that the main challenges for the area are the creation of management processes and the development of more solid and transparent dialogues with government agents.
Therefore, RIG professionals need to work daily on several fronts in which technology is essential to speed up processes and provide greater assertiveness and effectiveness in the actions performed.