Essential Concepts in AI from edX

Discover the key components of AI and the role it plays within compliance, including its relationship with Regulatory Technology (RegTech). AI technologies are increasingly forming an indispensable part of the fabric of global business operations. This course offers learners a thorough understanding of foundational AI concepts and principles, the development of AI and the potential impacts it could have on society. It will explore the important links between RegTech and AI and highlight some of the concerns of researchers and regulators.

Created by the subject matter experts from the International Compliance Association, this course is suitable for those working in regulatory or financial crime compliance who are seeking to understand the attributes and considerations surrounding ethics and AI. The course is beneficial for those looking to certify existing specialist areas of knowledge, or for those looking to increase their professional agility by learning about new areas of risk.

What's inside

Learning objectives

An introduction to basic concepts in ai
An overview of ai’s development
Describe the potential impact integrated ai could have on society
Outline some of the theories and discussions around ai and predictions for the future

Introduce the concept of regtech
Detail how ai is utilised in regtech
Describe the impact integrated ai/regtech can have on human society
Highlight some of the concerns of researchers and regulators.

An introduction to basic concepts in ai
An overview of ai’s development
Describe the potential impact integrated ai could have on society
Outline some of the theories and discussions around ai and predictions for the future
Introduce the concept of regtech
Detail how ai is utilised in regtech
Describe the impact integrated ai/regtech can have on human society
Highlight some of the concerns of researchers and regulators.

Good to know

Know what's good

, what to watch for

, and possible dealbreakers

Explores the intersection of AI and RegTech, which is increasingly relevant for professionals in regulatory and financial crime compliance

Created by subject matter experts from the International Compliance Association, which is a leading voice in the compliance field

Provides an overview of AI's development, which helps learners understand the historical context and evolution of these technologies

Outlines theories and discussions around AI and predictions for the future, which may add color to other topics and subjects

Highlights concerns of researchers and regulators, which is crucial for those working in regulatory environments

Examines the potential impact of integrated AI on society, which is a broad topic that may be of interest to many learners

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Essential Concepts in AI with these activities:

Review Basic Statistics and Probability

Show steps

Reinforce foundational statistical and probabilistic concepts, which are essential for understanding many AI algorithms and their applications in RegTech.

Browse courses on Statistical Analysis

Show steps

Review key statistical measures like mean, median, and standard deviation.
Practice calculating probabilities and understanding probability distributions.
Familiarize yourself with hypothesis testing and statistical significance.

Follow Online Tutorials on Machine Learning Basics

Show steps

Strengthen your understanding of machine learning by following online tutorials that cover fundamental concepts and techniques.

Show steps

Search for reputable online tutorials on machine learning.
Follow the tutorials step-by-step, completing the exercises and examples.
Take notes on key concepts and techniques.

Review 'Artificial Intelligence: A Modern Approach'

Show steps

Gain a deeper understanding of the fundamental principles of AI by studying a comprehensive textbook on the subject.

View Melania on Amazon

Show steps

Read relevant chapters on machine learning, natural language processing, and knowledge representation.
Work through the examples and exercises provided in the book.
Relate the concepts learned to the applications of AI in RegTech.

Four other activities

Expand to see all activities and additional details

Show all seven activities

Review 'Superintelligence: Paths, Dangers, Strategies'

Show steps

Explore the broader implications of AI, including potential risks and benefits, to provide a comprehensive understanding of the technology's impact on society.

View Deep Utopia: Life and Meaning in a Solved World on Amazon

Show steps

Read the book and take notes on key arguments and concepts.
Reflect on the ethical considerations raised by the author.
Consider how these considerations relate to the use of AI in RegTech.

Compile a List of AI RegTech Resources

Show steps

Gather and organize relevant resources, such as articles, reports, and tools, related to the application of AI in RegTech.

Show steps

Search for articles, reports, and tools related to AI in RegTech.
Categorize the resources based on their topic and relevance.
Create a list or database of the resources with brief descriptions.

Create a Presentation on AI in RegTech

Show steps

Synthesize your understanding of AI and RegTech by creating a presentation that explains how AI is currently used in regulatory compliance and financial crime prevention.

Show steps

Research current applications of AI in RegTech.
Develop a presentation outline with key talking points.
Create visually appealing slides with clear explanations.
Practice your presentation to ensure a smooth delivery.

Develop a Prototype AI-Powered Compliance Tool

Show steps

Apply your knowledge by designing and prototyping a simple AI-powered tool that addresses a specific compliance challenge.

Show steps

Identify a specific compliance problem that AI could solve.
Design a basic AI model or algorithm to address the problem.
Develop a prototype of the tool using appropriate software or platforms.
Test the prototype and evaluate its effectiveness.

Career center

Learners who complete Essential Concepts in AI will develop knowledge and skills that may be useful to these careers:

Regulatory Technology Specialist

A regulatory technology specialist focuses on implementing and managing systems that use technology to improve regulatory compliance. This requires knowledge of technology and how it is applied to regulations. This course is particularly relevant for a regulatory technology specialist since it highlights the connection between artificial intelligence and regulatory technology. Moreover, the course will help the specialist understand how artificial intelligence is utilized in regulatory technology, and how it impacts human society. This course from the International Compliance Association may be especially useful for those seeking a career working with regulatory technology.

See salaries and explore the career path for Regulatory Technology Specialist

Compliance Officer

A compliance officer oversees a company's compliance programs and policies, ensuring that all staff are aware of and follow these rules. This role requires a deep understanding of regulatory requirements. A compliance officer would particularly benefit from this course because it discusses key concepts in artificial intelligence and its role within compliance. The course will also help the compliance officer understand of the link between artificial intelligence and regulatory technology, or RegTech, and the impact of their integration on society. The course is especially relevant for those in the compliance field because it was created by subject matter experts from the International Compliance Association.

See salaries and explore the career path for Compliance Officer

Financial Technology Analyst

A financial technology analyst, also known as a fintech analyst, works with technologies that support the financial industry, including regulatory technology. This course will be useful for a financial technology analyst because it outlines the role artificial intelligence plays in regulatory technology. The course further helps improve the analyst's understanding of how artificial intelligence is utilized in regulatory technology, and the potential impacts of integrated artificial intelligence on society. The course is especially useful for those who want to understand the intersection of artificial intelligence and financial systems.

See salaries and explore the career path for Financial Technology Analyst

Regulatory Affairs Specialist

A regulatory affairs specialist is responsible for ensuring that a company’s products and services meet applicable regulations. This role often requires a deep understanding of industry-specific laws and guidelines. This course may be useful for a regulatory affairs specialist because it helps to outline the role artificial intelligence plays within compliance and regulatory technology. The course will also allow a regulatory affairs specialist to understand how artificial intelligence is utilized in regulatory technology, and the impact of their integration on society. This role often requires a keen understanding of new technologies, and this course from the International Compliance Association can help to build a stronger foundation.

See salaries and explore the career path for Regulatory Affairs Specialist

Risk Manager

A risk manager identifies and assesses potential threats to an organization, developing mitigation strategies to safeguard company assets. This role involves an understanding of various risks, including compliance risks. A risk manager would benefit from the information in this course, as they will learn important concepts in artificial intelligence and how they are utilized in regulatory technology, RegTech. It provides the essential concepts that will allow a risk manager to better understand the potential impacts of artificial intelligence on society, and therefore the potential risks associated with it. The course will help a risk manager understand the intersection of risks, regulations, and technology.

See salaries and explore the career path for Risk Manager

Compliance Analyst

A compliance analyst works to ensure that a company adheres to regulatory standards and internal policies. This role frequently involves monitoring transactions, assessing risk, and maintaining documentation to demonstrate proof of compliance with regulations. This course may be useful to a compliance analyst because it will help them understand the relationship between artificial intelligence and compliance, as well as how artificial intelligence is used in regulatory technology, RegTech. It also introduces key concepts in artificial intelligence that will allow the analyst to better engage with modern compliance issues, as well as understand some of the potential impacts of integrated artificial intelligence on society. This course is especially useful because it is created by experts at the International Compliance Association.

See salaries and explore the career path for Compliance Analyst

Financial Crime Investigator

A financial crime investigator looks into cases of fraud, money laundering, and other financial crimes. This role often uses analytical tools to uncover these crimes. This course will be useful to a financial crime investigator by helping them understand how artificial intelligence plays a role in compliance and RegTech. The course will help a financial crime investigator understand the development of artificial intelligence, and the potential impacts of artificial intelligence, as well as outline concerns of regulators. Since investigators must contend with rapidly developing technology and its intersection with crime, this course may be especially useful to them.

See salaries and explore the career path for Financial Crime Investigator

Internal Auditor

An internal auditor evaluates a company's internal controls and processes, ensuring that they are effective and compliant with regulations. This role has a focus on assessing risk, and verifying procedure is followed. This course will be useful to an internal auditor because it provides them with an understanding of how artificial intelligence plays a role in compliance and regulatory technology. It also introduces the key concepts of artificial intelligence and helps the auditor understand the potential impacts of integrated artificial intelligence, giving them a new perspective on compliance.

See salaries and explore the career path for Internal Auditor

Policy Analyst

A policy analyst researches and develops policies for government agencies or organizations. They often look at the impact of potential policies. This course may be useful to a policy analyst, because it will help them learn key concepts in artificial intelligence, and understand how artificial intelligence is utilized in regulatory technology. Those working on policy related to artificial intelligence will find this course especially useful because it outlines the concerns of researchers and regulators, as well as the potential impacts of integrated artificial intelligence. This course can help a policy analyst consider a range of views.

See salaries and explore the career path for Policy Analyst

Technology Consultant

A technology consultant advises businesses on how to use technology to improve their operations and achieve their goals. They typically stay current on new technologies. This course may be useful for a technology consultant by helping them understand the relationship between artificial intelligence and regulatory technology. The consultant will be able to advise clients on how artificial intelligence is utilized and integrated with regulatory technology. The course also highlights some of the concerns of researchers and regulators, allowing the consultant to prepare clients for regulatory landscapes.

See salaries and explore the career path for Technology Consultant

Data Scientist

A data scientist analyzes large amounts of data to identify trends, develop models, and provide insights that help organizations to make better decisions. This role requires a solid background in math and statistics and, increasingly, knowledge of artificial intelligence. This course may be useful for a data scientist by introducing them to basic concepts in artificial intelligence, and the development of artificial intelligence, and how artificial intelligence is utilized in regulatory technology. Data scientists increasingly work with both artificial intelligence and regulatory technology. This course can help better prepare the data scientist for these tasks.

See salaries and explore the career path for Data Scientist

Innovation Manager

An innovation manager fosters a culture of creativity and manages the development of new products, services, or processes. This role requires a keen understanding of emerging technology. This course may be useful to an innovation manager as they may be interested in exploring how artificial intelligence is being utilized in regulatory technology. The course not only gives an overview of the development of artificial intelligence, but also outlines the potential impact integrated artificial intelligence could have on society. This course will provide a helpful background for those who are interested in leading innovation.

See salaries and explore the career path for Innovation Manager

Research Analyst

A research analyst gathers and analyzes information to support decision making for an organization. This role often requires an advanced degree (master's) and may be focused on an industry. This course may be beneficial for a research analyst by helping them to learn about basic concepts in artificial intelligence, which is increasingly a topic of research in a wide variety of fields. They may find this course especially helpful since it outlines how artificial intelligence is utilized in regulatory technology and some of the concerns of researchers working in the field.

See salaries and explore the career path for Research Analyst

Project Manager

A project manager plans, organizes, and oversees the completion of specific projects. This role requires a strong skill set of organization and planning. This course may be useful to a project manager who is working on a project related to compliance, AI, or regulatory technology. A project manager would benefit by learning more about basic concepts in artificial intelligence, and how they are tied to regulatory technology. They will also learn more about the potential impacts of artificial intelligence, which will help them understand potential risks and challenges.

See salaries and explore the career path for Project Manager

Information Security Analyst

An information security analyst helps to protect an organization's computer systems and networks from cyber threats and unauthorized access. This role often involves monitoring systems and implementing security measures. While not directly related to security, this course will help the security analyst to understand compliance and regulatory technology, and how artificial intelligence is used in these contexts. The analyst will learn about the development of artificial intelligence, and its potential impact, which may help the analyst anticipate future challenges in the information security field.

See salaries and explore the career path for Information Security Analyst

Essential Concepts in AI

What's inside

Learning objectives

Good to know

Save this course

Activities

Career center

Reading list

Share

Similar courses