We have a robust team of experts here at FTI Consulting across the spectrum of antitrust compliance and investigations issues. During the American Bar Association’s Antitrust Law Spring Meeting, we shared a paper on the importance of data analytics in antitrust compliance programs, which touched on the importance of proactive compliance programs per DOJ guidance. The paper also shared specific, practical guidance for how to establish financial and operational data monitoring and communications monitoring functions.
Recent DOJ guidance and activity has underscored what some compliance departments already know: data analytics create objective, efficient and cost-effective solutions to quickly identify potentially anticompetitive trends and behaviors and build a more robust compliance program. However, these solutions are not plug-and-play approaches. Rather, data analytics frameworks must be designed around an organization’s antitrust risk profile, data points, data sources, and existing software licenses. With careful evaluation and planning, companies can efficiently and cost-effectively incorporate data analysis into their antitrust compliance program across all key areas of monitoring and auditing.
Our detailed paper from the ABA Spring Meeting covers key points including:
Proactive compliance monitoring programs are becoming increasing important to mitigate the risks and fallout associated with rising regulatory enforcement. It’s important to note that these programs can be implemented without significant resources or investment in new tools. With the right planning and expertise, a company’s existing data and systems can be used to incorporate data analytics and communications monitoring into any compliance program. Download Incorporating Data Analytics into a Company’s Antitrust Compliance Review, Monitoring, and Audit Program to learn more.
The views expressed herein are those of the author(s) and not necessarily the views of FTI Consulting, its management, its subsidiaries, its affiliates, or its other professionals.
Managing Director, Technology Consulting, FTI Consulting
Director, Forensic & Litigation Consulting, FTI Consulting
Senior Managing Director, Forensic & Litigation Consulting, FTI Consulting