Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    data driven insights
    How Data-Driven Insights Are Addressing Gaps in Patient Communication and Equity
    8 Min Read
    pexels pavel danilyuk 8112119
    Data Analytics Is Revolutionizing Medical Credentialing
    8 Min Read
    data and seo
    Maximize SEO Success with Powerful Data Analytics Insights
    8 Min Read
    data analytics for trademark registration
    Optimizing Trademark Registration with Data Analytics
    6 Min Read
    data analytics for finding zip codes
    Unlocking Zip Code Insights with Data Analytics
    6 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: Using Analytics to Stay on Top of the Regulatory Landscape
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Big Data > Data Visualization > Using Analytics to Stay on Top of the Regulatory Landscape
AnalyticsData VisualizationPolicy and Governance

Using Analytics to Stay on Top of the Regulatory Landscape

Brett Stupakevich
Brett Stupakevich
3 Min Read
SHARE

global analytics4 150x150 photo (life sciences and pharm data visualization data scientist 2 data analytics )Regulatory, data protection, and privacy requirements are constantly changing across different countries and

global analytics4 150x150 photo (life sciences and pharm data visualization data scientist 2 data analytics )Regulatory, data protection, and privacy requirements are constantly changing across different countries and regions, making it extremely challenging for finance, operations, and risk management executives to stay abreast of the ever-changing regulatory environment.

Many companies struggle to keep pace with local changes to consumer rights, cross-border data transfer restrictions, tax obligations, and a raft of additional regulatory requirements.

This includes the onus on Fortune 500 multinationals to keep up with the constant changes that are occurring in the regulatory environment on a global basis.

More Read

Ensuring safety and process reliabilty through predictive analytics and PMML
The Dirty (Not so Secret) Secret of IT Budgets
San Diego Forum on Analytics — review
Data Analytics Is Changing The Game Of Golf Forever
Big Data Empowers the InterContinental Hotel Group

The challenges to keep up with regulatory modifications have become more acute following the global financial crisis that started in 2007. As Deloitte notes in a report on the topic, the aftermath of the crisis has resulted in extensive regulatory reform – not just in the US but in countries around the world. The Deloitte report focuses on steps that regulators can take to use analytics to collect, aggregate, analyze and share information about the health of the financial system and its participants.

Decision makers for financial services companies can use visual analytics tools to help identify and act on real-time changes in the global regulatory landscape so they can continue moving forward with business strategies instead of staying mired in prolonged market analysis.

This kind of paralysis-by-analysis is not only for valid financial services companies but for any type of organization that operates in a highly-regulated industry. Business leaders need tools that can help them make quick and precise decisions. They don’t have time to get bogged down in the regulatory quagmire.

Still, the nature and scale of these regulatory shifts shouldn’t be taken lightly. This is especially true for business leaders who have active roles in research or product development/product rollout where regulatory or compliance requirements in a particular geography can suddenly derail ambitious marketing plans.

For example, biotechnology and pharmaceutical professionals who are concerned with regulatory updates within their areas of focus are increasingly using web analytics and other types of discovery tools to stay abreast of the latest policies and enforcements that may affect their areas of research or product development.

It’s imperative that they keep up to speed with the ever-changing regulatory climate. A May 2011 study found that US regulatory approvals for biologic drugs and biotechnology products made from human or animal proteins have nearly doubled over the past decade.

Intuitive and visual analytics tools can make the job of tracking the evolving regulatory landscape much easier and more effective.

Next Steps: To learn more about this topic, check out our 5-Minute Guide to Analytics for Financial Planning & Analysis.

 

 

Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

accountant using ai
AI Improves Integrity in Corporate Accounting
Exclusive
ai and law enforcement
Forensic AI Technology is Doing Wonders for Law Enforcement
Artificial Intelligence Exclusive
langgraph and genai
LangGraph Orchestrator Agents: Streamlining AI Workflow Automation
Artificial Intelligence Exclusive
ai fitness app
Will AI Replace Personal Trainers? A Data-Driven Look at the Future of Fitness Careers
Artificial Intelligence Big Data Exclusive

Stay Connected

1.2kFollowersLike
33.7kFollowersFollow
222FollowersPin

You Might also Like

Decision Making Is Inherently Collaborative

4 Min Read
HIPPA compliance
Best PracticesBig DataData ManagementInside CompaniesITLocationPolicy and GovernancePrivacySecurity

HIPAA Breach Lessons Learned

5 Min Read

Five Top Tips for Corporate Performance Management (CPM)

10 Min Read

How Lyza stole the show at TDWI Las Vegas

6 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

AI chatbots
AI Chatbots Can Help Retailers Convert Live Broadcast Viewers into Sales!
Chatbots
ai in ecommerce
Artificial Intelligence for eCommerce: A Closer Look
Artificial Intelligence

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?