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TECH SUPPLIER Aug 2019 - IDC Survey - Doc # EUR245453919

Catching the Innovation Wave in Compliance Management

By: Neli VachevaResearch Manager, European Industry Solutions, Customer Insights & Analysis

On-line Presentation

Abstract

This IDC Survey analyzes the adoption of big data analytics, artificial intelligence (AI), and blockchain technologies for the purposes of compliance management in Europe in 2019. Compliance management is fundamental to digital transformation (DX) as businesses look to implement new technologies to address issues and discover opportunities. The study examines which technologies are most adopted by end users and which industries are using or planning to use them for innovative compliance programs.

This presentation is based on the results of the IDC European Vertical Markets Survey, 2018–2019, which involved 2,759 companies with more than 10 employees in over 77% of the European economy (Western, Central, and Eastern European countries were included).

The verticals considered:

  • Financial services (including banking, insurance, and other finance)
  • Manufacturing (discrete and process)
  • Healthcare
  • Telecom/media
  • Utilities/oil and gas (O&G)
  • Retail/wholesale
  • Professional services
  • Transport/accommodation
  • Government/education

"The increasing compliance burden has forced businesses in Europe to look for more effective solutions for managing risks and compliance. This is the case not only for heavily regulated industries like telecom, finance, and utilities, but manufacturing and distribution are also looking to leverage big data and AI to power preventive compliance programs. Use of blockchain for the purposes of compliance is not yet widespread, but we expect adoption levels to rise rapidly." — Research Manager Neli Vacheva, Customer Insights & Analytics, IDC Europe


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