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Artificial intelligence (AI) is transforming regulated industries like healthcare, finance and legal services, but navigating these changes requires a careful balance between innovation and compliance.
In healthcare, for example, AI-powered diagnostic tools are enhancing outcomes by improving breast cancer detection rates by 9.4% compared to human radiologists, as highlighted in a study published in JAMA. Meanwhile, financial institutions such as the Commonwealth Bank of Australia are using AI to reduce scam-related losses by 50%, demonstrating the financial impact of AI. Even in the traditionally conservative legal field, AI is revolutionizing document review and case prediction, enabling legal teams to work faster
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