Patrick Henz started his career in Corporate Information and Compliance at the end of 2007 when he was responsible for the implementation of an Anti-Corruption system in Mexico and several Central American and Caribbean countries. Together with these tasks, he gained valuable insights into global Compliance programs, with a focus on Latin America. Author of “Business Philosophy according to Enzo Ferrari” and “Tomorrow’s Business Ethics: Philip K. Dick vs. W. Edwards Deming”. Furthermore, he is Committee Member of the IEEE Digital Reality Initiative.
Industry 4.0 (including Artificial Intelligence, or “AI”) started to replace a certain type and number of human employees. Algorithms are superior for repetitive tasks, where decisions are based on a high amount of data. Thus, AI can be particularly helpful for the complex, data-driven tasks of the typical compliance officer. This definition is also applicable for finance-advisors.
