What are some alternative strategies to using AI-integrated solutions for tasks like scenario analysis and threat detection?

The specific example is not provided in the content, but one of the companies that has successfully used AI-integrated solutions in their risk and compliance department is JPMorgan Chase. They developed a program called COIN, which stands for Contract Intelligence. This program uses AI to review legal documents and extract important data points and clauses. This not only reduced the amount of time spent on document review, but also reduced the errors and risks associated with manual review.

Global companies like Google or Tesla can integrate AI solutions into their risk and compliance departments by automating tasks such as scenario analysis and threat detection. They can list their organization's departments and their functions and evaluate the business value and feasibility of various AI use cases. They can score each area on a scale from none to very high or use a numerical scoring system for more precision. This approach can help them identify the most suitable AI-integrated solutions for their risk and compliance departments.