real challenges still facing human civilisation – regulatory compliance.
No it's not a huge challenge for human civilisation, but for corrupt boards, CEOs, management etc..
It's a matter of actually reading the regulations and a commitment to meet them. Many companies put huge resource in loopholes and even outright lying and cheating.
The biggest issues with a computer system are:
1) Putting the regulations into it correctly.
2) Correctly inputting your own system to be tested into it.
3) Having managers etc that don't ignore it.
Asimov or someone wrote a story highlighting the psychology of it. It's not a technical problem, but a human one. Certainly a searchable computer database and consultancy will help, but I'd predict that Watson AI will make little or no difference to company cultures.