AI Adoption: Is AI the New Internet? Lessons from the 1990s Tech Boom for Today’s Business Leaders

AI adoption is rapidly transforming how businesses operate, as organizations integrate artificial intelligence into workflows, decision-making, and customer engagement. At its core, AI leverages machine learning models and advanced algorithms to analyze data, identify patterns and make informed decisions. This technology powers everything from natural language processing (NLP) — allowing systems to understand and generate human language — to complex problem solving and decision making in real time.

In recent years, AI has seen explosive growth across industries such as software development, healthcare, finance and customer service. AI agents, including chatbots and virtual assistants, are now commonplace, automating repetitive tasks, delivering personalized responses and enhancing customer experiences.

Generative AI models, a cutting-edge branch of AI, are making waves in content creation, image analysis and other complex tasks that require creativity and adaptability. By harnessing the power of data and machine learning, AI systems are helping organizations unlock new efficiencies, streamline operations and drive innovation at an unprecedented scale.

The 90s Internet Revolution: From Skepticism to Ubiquity

In the mid-1990s, the internet was a curiosity met with both excitement and hesitation. Early adoption was slow: In 1995, a mere 14% of adults in the United States had internet access. Globally, the user base exploded from just 45 million in 1996 to more than 400 million by 2000.

Back then, however, many consumers were wary. Privacy and security fears loomed large. Approximately 85% of 90s internet users were concerned about online privacy, and 70% feared hackers stealing credit card data. In 1995, just eight percent of internet users had made an online purchase, reflecting low trust in e-commerce.

By 2000, that figure soared to 48% as consumers grew more comfortable. And, despite a dot-com boom — and bust — by the early 2000s, the internet had transformed from novelty to necessity. Businesses that once questioned if they needed a website soon discovered that an online presence was as fundamental as having a phone number. Consumer behavior was forever changed, and industries from retail to media were turned upside down by this new connected world.

Déjà Vu: Today’s AI Adoption Wave

Fast forward to today, and we’re experiencing a similar wave of transformation with artificial intelligence (AI). The surge of AI adoption across businesses feels reminiscent of the internet’s trajectory. Consider that over the past five years, the share of companies using AI jumped from 20% to about 50% – a dramatic rise that mirrors the internet’s rapid proliferation in the late 1990s.

Public awareness of AI is also at an all-time high. The release of generative AI tools such as ChatGPT in late 2022 caused a sensation, with the platform reaching 100 million users only two months after launch — the fastest-growing consumer application in history. This kind of AI hype is everywhere, from boardrooms strategizing about the future of AI to consumers experimenting at home with chatbots and voice assistants.

As with the early internet, though, there is hype vs. hesitation. Analysts project AI will add trillions of dollars to the global economy by 2030, and every week brings headlines of new AI breakthroughs. Nevertheless, consumers and businesses have genuine concerns about trust, ethics and reliability in AI use.
Surveys show a majority of people approach AI with caution. For example, more than 60% of Americans don’t trust AI to make ethical decisions. Business leaders worry about risks, such as:

  • Will AI make mistakes?
  • Will AI adequately handle data privacy?
  • Will customers trust AI-driven services?

These concerns echo those of the 1990s, when people asked similar questions about using credit cards on e-commerce websites. AI for business today is much like the internet for business back then: clearly full of promise, yet requiring a leap of faith to fully embrace. Just as the skeptics of the internet eventually saw it upend every industry, those on the fence about AI are likely to witness its transformative impact sooner than they expect.

The Adoption Curve: Early Adopters, Laggards and the Psychology of Tech Adoption

Why do some businesses dive in early on new technology while others hang back? It often comes down to behavioral economics and the psychology of innovation.

In any technological revolution — including the internet and AI — there’s a classic diffusion of innovation curve. Innovators and early adopters jump in first, followed by the mainstream and then the laggards, who change only when they absolutely must.

Early adopters accept the risk of unproven tech in exchange for potential first-mover advantages. In the 1990s, for instance, forward-thinking retailers launched e-commerce websites while competitors hesitated. Those pioneers (i.e., Amazon) reaped huge rewards and defined the future of their industry.

The same dynamic is playing out with AI. Companies leading in AI today are gaining a competitive edge in efficiency, customer experience and data insights. A recent industry survey notes a growing gap between AI leaders and laggards. High performers in AI are expanding their lead, while others are struggling to catch up.

As Michael Chui of McKinsey observed, “We continue to see this divergence… between companies that are AI high performers… and everyone else who needs to catch up.” In other words, those who embrace AI early can leap ahead – improving operations, cutting costs and creating new value – whereas those who delay may find themselves playing costly catch-up.

Human nature plays a role, too, because trust and risk aversion affect adoption. Similar to how consumers in the 1990s were anxious about online shopping security, today’s managers may feel apprehensive about letting an AI chatbot talk to customers or using an AI system to make decisions. However, as success stories accumulate, comfort levels rise.

Organizations that experiment and pilot AI projects now are building internal trust and expertise that latecomers most likely will lack. The lesson from the internet era is that waiting carries its own risk — the risk of being left behind.

In the late 1990s, not having a web strategy became a recipe for irrelevance. Now, AI adoption is reaching that same tipping point. The mindset of “let’s wait and see” could mean forfeiting the chance to lead in your market. As we previously learned, adapting early to technological change isn’t just an IT decision. It’s a strategic business decision that can determine who leads and who lags in the coming decade.

How Artificial Intelligence Works: Demystifying the Technology

At a high level, AI systems function by learning from vast amounts of data using machine learning algorithms. These algorithms can be supervised (learning from labeled data), unsupervised (finding patterns in unlabeled data) or based on reinforcement learning (improving through trial and error). The goal is to enable AI models to recognize patterns, make predictions and perform complex tasks with increasing accuracy.

A key feature of modern AI is NLP, which allows systems to interpret and generate human language. Large language models (LLMs), such as those powering generative AI, are trained on enormous datasets of text, enabling them to produce coherent, context-aware responses to user input. Voice assistants like Google Assistant and other AI agents rely on NLP to understand spoken commands and provide relevant answers.

Beyond language, AI systems excel at image analysis, speech recognition and decision making, often outperforming humans in speed and consistency. By leveraging these technologies, businesses can deploy AI agents to handle complex workflows, analyze data and deliver smarter and more responsive services. The result is a new generation of AI-powered tools that can perform complex tasks, adapt to user needs and drive better outcomes across a wide range of applications.

AI in Action: Transforming Key Industries

Far from being just buzzwords, AI and automation are already driving tangible transformation across industries. AI agents have led to substantial improvements in efficiency, customer satisfaction and productivity in sectors like customer service, healthcare and content creation. Across industries,

AI adoption is not a distant future concept — it’s happening now.

Let’s look at how AI for business is being applied in a few key business-to-consumer (B2C) verticals and how these changes parallel the internet’s sector-by-sector disruption years ago.

Restaurants

Facing labor shortages and tight margins, the restaurant industry is employing AI to streamline operations and enhance service. More than half of restaurants currently use or plan to use AI in some capacity. Fast-food chains are piloting AI-driven voice assistants to take drive-thru orders, ensuring accuracy and speed at the speaker box. (If you’ve ordered from a drive-thru and weren’t sure if it was a human or an AI taking your order, you’re not alone!)

Restaurants are also using AI to analyze sales data for menu optimization. The technology enables them to identify which dishes to promote or drop based on customer demand and personalize marketing and product recommendations similar to those of early e-commerce sites.

On the customer side, AI chatbots on restaurant websites or apps can handle common inquiries (i.e., operating hours, reservations, delivery status) just as the first restaurant websites in the 2000s started providing basic data online. Generative AI tools are now being used to create and optimize web pages for restaurants, such as blogs and landing pages, helping improve their online presence and search engine rankings. The result is a more efficient operation and a smoother guest experience, including quicker service and more tailored offers.

Automotive

The automotive industry is undergoing an AI-fueled transformation on multiple fronts. Automobile manufacturers employ AI-driven robots and quality inspection systems, and those in product development utilize AI to help design and simulate parts, thereby speeding up innovation.

On the consumer side, automobiles are becoming intelligent, connected devices. Many come with voice-activated infotainment and driver-assist features powered by AI. By one estimate, voice assistants will be in 90% of new cars globally by 2028. The prod toward self-driving cars is essentially a push to master AI on wheels.

Automotive companies also use AI in customer-facing areas. Dealerships use AI chatbots to automatically answer questions about inventory and schedule service appointments. Just as the internet enabled online car shopping and research, AI is enabling smarter and more responsive experiences in buying, owning and driving a car. From predictive maintenance alerts that save drivers from breakdowns to personalized insurance quotes based on AI risk assessment, the auto business is being reinvented by data and algorithms.

Home Services

Plumbers, electricians, heating, ventilation and air conditioning (HVAC) providers and other
home service businesses might not seem on the cutting edge of tech. However, AI is making inroads here, too, especially in customer communication and scheduling.

Many home service companies now deploy AI-powered virtual receptionists to answer phone calls and book appointments 24/7. This is a game-changer when you consider that about 27% of calls to home service businesses go unanswered. Every missed call could be a lost customer, and research shows phone leads are incredibly valuable: phone inquiries can convert to revenue at 10 to 15 times the rate of web leads. AI voice agents help capture those opportunities by ensuring a friendly “person” (in this case, an AI with a natural voice) is always available to say, “How can I help you today?” and schedule that service call.

Beyond call handling, home service firms utilize AI for route optimization, which allows them to get the technician to your house faster and with less fuel. Generative AI models can also be used for other tasks, such as generating customer follow-up emails or summarizing service visits. Some such businesses apply predictive maintenance to forecast based on data when a customer’s water heater might fail.

Early internet adoption enabled these businesses to use online booking and email, and now AI is taking these processes a step further through intelligent automation. The result: small businesses can deliver prompt and personalized service at scale to not only meet but also exceed customer expectations.

Healthcare

Perhaps no industry illustrates the transformative potential and challenges of AI better than healthcare. Roughly 85% of health system leaders report they are leveraging AI in their operations or clinical practice.

AI is being used to analyze medical images, predict patient outcomes and streamline administrative tasks. These applications rely on the effective use of patient data, which is crucial for accurate diagnostics, patient care and real-time monitoring. However, the use of patient data also raises critical privacy and security concerns that must be addressed when deploying AI tools in medical environments.

During the COVID-19 pandemic, chatbots were deployed when call centers were overwhelmed for initial screening of symptoms. Now, large health systems use AI chatbots to help patients schedule appointments or refill prescriptions, improving access much like hospital websites did in the Web 1.0 era, but with interactive, personalized dialogs.

Generative AI is emerging in healthcare as well. Imagine a future in which an AI agent can draft a patient’s discharge instructions or provide a quick summary of a scientific paper for a physician.

Along with expanding it for use through numerous applications, the healthcare industry highlights the need for trust and validation in AI. Doctors, nurses and other clinicians must be able to trust the recommendations of an AI agent, and patients prioritize transparency.

Momentum is growing, though — a majority of physicians now see advantages to using AI tools in care, acceptance that builds patient trust. Just as the internet didn’t replace doctors but gave them powerful new research and communication tools, AI is poised to augment health professionals by automating routine administrative tasks and allowing them to focus on the human touch, ultimately improving outcomes.

Across these industries and others, AI adoption is no longer simply a distant future concept — it’s happening now. We’re seeing a pattern much like the early 2000s when industries realized they needed to embrace the internet or risk irrelevance. Today, it’s AI adoption that’s separating forward-thinkers from the rest.

From Chatbots to Self-Driving: The Many Faces of AI

Artificial intelligence is an umbrella term covering a range of technologies and applications. For business decision-makers, it’s useful to break down the types of AI being deployed because each offers unique capabilities and benefits. AI can also be categorized based on agent types, with each agent type having key features, roles and levels of autonomy that define how they operate and interact within different environments. One particular subset of AI that is emerging as especially crucial is voice AI.

Here are some of the key AI categories making waves — often working in tandem — along with real-world use cases in the aforementioned verticals:

1. Chatbots, Conversational AI and Natural Language Processing

These technologies are the text-based cousins of voice assistants (i.e., the chat bubbles on websites or messaging apps that can answer questions and help customers). Powered by AI language models, modern chatbots can handle a surprising range of inquiries.

A hospital’s website chatbot might help a patient find a clinic location or triage symptoms, much like a human assistant. Some restaurants use chatbots on their website or Facebook to take orders or reservations and answer common inquiries, whereas automotive dealers deploy these AI tools to qualify sales leads before a human salesperson steps in.

What makes today’s chatbots different from the clunky, scripted bots of a few years ago is their capability to understand natural language and context much better because of advances in AI. They’re essentially available 24/7, offer consistent answers and are infinitely scalable, allowing human employees to focus on more complex, high-value interactions.

2. Voice AI and Virtual Agents

Voice AI refers to systems that can engage in spoken conversation with people. Think of voice assistants like Siri, Alexa or Google Assistant. It also encompasses specialized voice agents for businesses (i.e., virtual receptionists).

Voice AI is particularly relevant in sectors where customers rely heavily on phone calls or voice interfaces. Examples include scheduling a doctor’s appointment, making a restaurant reservation or getting directions using your vehicle’s voice command.

Voice interaction is becoming so common that it’s on track to be as fundamental to business as having a website was in the early 2000s. Customers are beginning to expect that they can speak to your company, not just click or type. Millions of consumers use voice assistants, and voice searches are a regular part of shopping and information inquiries. One survey found that 44% of consumers have used voice search to inquire about car prices.

Voice AI for business can take multiple forms, such as:

  • An AI agent that answers your service hotline
  • An AI agent that confirms appointments with patients via phone
  • In-vehicle voice systems that allow drivers to ask for support without taking their hands off the wheel.

The future of AI in voice is likely to make interactions even more seamless. Recent advancements now enable voice assistants to complete complex tasks, such as making purchases, managing smart home routines or providing detailed, personalized responses.

Many customers won’t even notice whether they’re interacting with a human or an AI agent — as long as their needs are met quickly. Just as every business eventually needed a user-friendly website, we’re approaching a time when every business will need a strategy for user-friendly voice AI engagement.

3. Generative AI

This refers to AI systems that create new content (i.e., text, images, audio, video) based on patterns learned. ChatGPT, which can generate essays or answer questions, is a text example, whereas DALL-E creating images from descriptions is a visual one.

Generative AI opens up numerous possibilities for businesses of all types and sizes. In marketing, the technology can be utilized to draft social media posts, product descriptions or ad slogans to be optimized by humans. Examples of generative AI using the verticals previously listed in this article include:

  • A restaurant chain creating flavorful menu item descriptions or localized ad copy
  • An automotive company generating personalized email follow-ups for customers
  • Home service companies quickly generating for customers a summary of work performed
  • Healthcare providers drafting patient visit summaries or health recommendations based on a patient’s condition

Generative AI won’t replace your marketing team or technical writers, but it can help them produce content faster. The technology is even AI used for coding; it assists software developers by suggesting code, similar to how early internet open-source libraries accelerated development. The key for businesses is to integrate generative AI strategically and with human oversight to boost creativity and efficiency.

4. Agentic AI (Autonomous Agents)

A newer, emerging category, agentic AI refers to artificial intelligence systems that can take initiative and autonomously perform multi-step tasks. AI agents work by having defined roles, personalities and communication styles, along with specific instructions and available tools to perform their tasks. Unlike a chatbot or voice bot that responds when spoken to, this technology tool might be given a high-level goal and figure out how to achieve it by interacting with multiple systems.

Think of it as an AI agent that could automatically handle your company’s invoice processing from start to finish. It receives an email with an invoice, reads it, enters it into the accounting system, schedules a payment and sends a confirmation — all without human intervention. These systems can also integrate with external tools to gather data and enhance their problem-solving capabilities.

Consumers could use agentic AI to book a vacation based on specific parameters. The AI tool would search flights and hotels and make reservations based on those preferences.

In our focus industries, agentic AI could soon help with supply chain and logistics. An AI agent in a restaurant could monitor inventory levels and automatically place orders with suppliers when stock runs low — even negotiate prices or delivery times according to rules set by managers. In home services, an AI agent might coordinate an entire project, from ordering parts to scheduling the right technicians and updating the customer. Agentic AI can handle complex tasks and solve multi step problems by analyzing diverse data sources and developing strategies to execute intricate workflows.

Though still somewhat premature, this type of AI has the potential to handle complex workflows that typically require a lot of back-and-forth. As businesses document their processes digitally, agentic AI can leverage that to execute processes, dramatically improving productivity by automating repetitive multi-step tasks.

5. Self-Driving and Robotics AI

A prime example of this type of AI that can perceive and act in the physical world is self-driving cars. These vehicles use AI models to interpret camera and sensor data and drive safely. Autonomous vehicles are already providing taxi services in select cities and handling warehouse deliveries in controlled environments.

Beyond automobiles, examples of this category of AI consists of delivery drones, warehouse robots or autonomous checkout in retail stores. In healthcare, robotics with AI assist in surgeries or hospital logistics. Some hospitals employ robotic carts that navigate hallways to deliver medications.

For businesses, adopting this type of AI can mean physical automation. A restaurant might use an automated kitchen assistant that uses computer vision to monitor cooking, while a home services company might fly a drone to inspect a roof instead of risking a technician on a ladder.

Businesses should keep an eye on how these advancements have the potential to open up new service models. AI comes in many forms, and forward-thinking businesses are experimenting with different types to see where each can add value to transform their operations.

Overcoming Challenges: Lessons from the Trenches

The promise of artificial intelligence is immense, but businesses often encounter real-world challenges when deploying AI systems. One of the biggest hurdles is ensuring access to high-quality data; AI models require large, accurate and relevant datasets to learn effectively. Poor data quality can lead to unreliable results and limit the effectiveness of AI applications.

Another challenge is addressing bias in AI models. If training data contains biases, the AI system may inadvertently perpetuate unfair or discriminatory outcomes. To mitigate this, businesses must implement rigorous data validation, regularly test AI models and develop strategies to identify and reduce bias.

Human oversight remains essential throughout the AI lifecycle. Even the most advanced AI systems can make mistakes or encounter scenarios for which they weren’t trained. However, by maintaining a layer of human review and intervention, businesses can quickly catch errors, ensure ethical use and continuously improve their AI models. Learning from these challenges and prioritizing robust data practices and oversight will help them build more reliable, trustworthy and effective AI systems.

Best Practices for AI Adoption

Successfully integrating AI into your organization requires a strategic approach. Start by clearly defining the business problems you want AI to solve, and focus on use cases that offer the greatest potential for substantial improvements. Develop a robust data strategy to ensure your AI systems have access to high-quality, well-governed data —the foundation for effective machine learning and decision making.

It’s also important to prioritize transparency and explainability in your AI systems. Stakeholders should understand how AI-driven decisions are made and have confidence in the outcomes. Establishing accountability and clear lines of responsibility will help build trust and ensure your AI initiatives align with your business goals.

Begin with small, manageable projects to build internal expertise and demonstrate value. As your organization gains experience, you can scale up AI adoption and tackle more complex challenges. By following these best practices, you’ll unlock the full potential of AI, driving efficiency, productivity and innovation across your business.

Common Mistakes to Avoid

When embarking on an artificial intelligence journey, businesses often falter by underestimating the complexity of AI projects. Implementing AI systems requires specialized expertise, vast resources and careful planning. Overlooking these factors can lead to delays, cost overruns and disappointing results.

Another common pitfall is neglecting the importance of a robust data strategy. AI systems are only as effective as the data on which they are trained, so it’s crucial to ensure your data is high-quality, relevant and well-managed. Failing to do so can undermine the performance and reliability of your AI models.

Transparency and accountability should never be an afterthought. Without clear explanations of how AI-driven decisions are made, stakeholders may lose trust in the system and be unable to identify potential biases or errors. By avoiding these mistakes and focusing on strong data practices, clear communication and responsible oversight, organizations can maximize the value of their AI investments and achieve lasting success.

AI vs. the Internet: The Race to Mainstream Adoption

The speed of adoption remains perhaps the biggest difference between the AI wave and the expansion of the internet. New technologies seem to be getting adopted faster with each generation, and AI is on a fast track. To put this in perspective, compare how quickly AI is reaching users versus the internet when it was launched:

As this chart illustrates, generative AI usage skyrocketed to about 40% of the U.S. population within two years of its broad introduction. By contrast, the internet took approximately five years to hit the same milestone and personal computers took over a decade.

Another example? ChatGPT’s 100 million users in two months (the fastest ever for an app) is a flashy statistic, but it symbolizes a real trend. People are willing and able to try new digital tools faster than ever, in part due to how connected we are now (thank you, internet!).

For business leaders, the compressed AI adoption lifecycle means the window to act is narrower. In the late 1990s, companies had a few years to watch the internet trend and jump in as it became clear it wasn’t a fad. With AI, that cycle is happening on fast-forward. The hype-to-essential timeline could be just a handful of years.

We’ve gone from niche AI experiments to artificial intelligence being embedded in everyday products in a brief timeline. We’re already nearing the point where customers expect AI-enhanced convenience such as instant answers, personalized recommendations and the ability to naturally converse with technology.

The comparative stats also suggest that the competitive advantage of early adoption may be larger now. If your competitors implement AI and improve their customer service or efficiency even a year or two before you, they may pull ahead faster than the dot-com competitors of yesteryear did. That’s because AI can scale and spread so quickly.

The flip side is encouraging: rapid adoption also means rapid feedback and improvement. The tools available today will quickly evolve in capability and cost-effectiveness. So, even if you experiment and stumble, the knowledge you gain will put you ahead in the next iteration of AI tech.

The internet eventually reached almost every human on the planet in some form. AI is on a trajectory to do the same, likely much faster. And, just as the internet era separated those who embraced digital from those who fell behind, the AI era is already beginning to distinguish those who embrace intelligent automation and data-driven decision-making from those who cling to purely analog or manual processes.

Embrace the AI Future – Don’t Get Left Behind

The comparison is clear: today’s AI revolution is charting a course much like the internet revolution of the 1990s — only at warp speed. A few decades ago, businesses that hesitated to get online often struggled to survive. Businesses that hesitate to adopt AI now risk missing out on efficiency gains, customer engagement improvements and new growth opportunities, ones their AI-enabled competitors will happily seize.

Early discomfort with technology can give way to enthusiastic acceptance when the value becomes undeniable. Just as few today question the need for a website or a mobile-friendly service, in a few years it will be obvious that leveraging AI — especially voice AI for interacting with customers — is a standard business best practice.

For C-suite executives and decision-makers, the mandate is this: start exploring AI now. Treat it as the strategic priority it is. This doesn’t mean rushing in recklessly or automating everything overnight. Rather, it’s partnering with the right experts and platforms to pilot AI solutions in key areas of your business.

Test a voice AI assistant for your customer support line. Introduce a chatbot on your site for after-hours inquiries. Use AI to analyze some of your data for insights. Every small win not only delivers value but also builds your organization’s confidence and capability with AI.

At Revmo.AI, we specialize in helping businesses make this transformative leap. We’ve seen firsthand how a well-implemented voice AI solution can elevate customer experience while mitigating tedious tasks for employees. We’ve also experienced how even skeptical teams become AI enthusiasts once they see its benefits in action.

Much like a trusted web agency in 1999 could guide a business through creating its first online presence, Revmo.AI aims to usher you through deploying AI in a way that’s approachable, effective and aligned with your goals. Our message is simple: don’t wait for the AI wave to pass you by.

The future of AI is being written now. It’s an exciting time to reinvent how you operate and serve your customers. Ask yourself: in the story of the AI revolution, will your business be the innovator that seizes the opportunity or the follower struggling to adapt? We invite you to partner with Revmo.AI to lead this revolution. Together, let’s embrace AI and write the next great success story of the digital age — your own.

See Recent Posts

Agentic AI: A Paradigm Shift in Autonomous Decision-Making Across Automotive, Restaurants, Home Services, Fitness and Healthcare 

Agentic AI: A Paradigm Shift in Autonomous Decision-Making Across Automotive, Restaurants, Home Services, Fitness and Healthcare 

Agentic AI offers a robust solution across industries because it learns from past interactions, autonomously executes tasks and frees human workers to focus on higher-value tasks.

Your Business’s Guide to Navigating Compliance with the Telemarketing Sales Rule and National DNC Registry

Your Business’s Guide to Navigating Compliance with the Telemarketing Sales Rule and National DNC Registry

As a business leader, you know that successfully engaging with consumers produces higher revenue, increased customer satisfaction, and a stronger brand reputation.

Maximizing Compliance: How AI Helps Restaurants and Automotive Repair Shops Stay TCPA-Compliant

Maximizing Compliance: How AI Helps Restaurants and Automotive Repair Shops Stay TCPA-Compliant

Convenience is no longer simply a consumer request — it’s a requirement. Customers expect businesses across numerous industries to provide quick and secure service 24/7.

TCPA Compliance in the AI Era: What Business Owners Need to Know

Failure to comply with government regulations can result in more than fines and penalties. Businesses without a sound compliance strategy risk losing customer trust, tarnishing their brand image and reputation and possibly facing legal action.