We’ve all heard of Uber, Ebay, Airbnb. You may use them. These services are part of what is often referred to as the sharing economy, collaborative consumption or, as I recently read “Ubernomics”.
The basic concept is pretty simple: leveraging new technology to market your assets to a rapidly expanding network of buyers. One of the great benefits of these solutions is the ability to market to and exchange with people all over the world, often from the comfort of your own home.
Whether it’s your home, your car or your camera, these services are expected to surpass $335 billion of revenue flow by 2025. “At that rate, peer-to-peer sharing is moving from an income boost in a stagnant wage market into a disruptive economic force,” says Forbes’ Tomio Geron.
As a compliance professional, one of your most valuable assets is your knowledge; more specifically, your ability to look at complex regulations and transform them into operational business requirements. Traditionally, this asset has been “purchased” by one buyer: your employer.
But there’s no reason why the shared economy can’t also change the compliance world. In fact, we’re now on the verge of a major shift in the way compliance work is performed, delivered and purchased.
uCompli is a software platform that connects compliance professionals to the shared economy in ways that will revolutionize the way they work. It enables compliance experts to choose the work they’ll do, simplifies the process for converting regulatory analysis into a sellable product and connects them to a global network of customers. These changes represent a dramatic increase in financial opportunity and a new standard of occupational independence in the compliance profession.
I hope you’ll come along for the ride.