- Emerging technologies will have a vital role in the recovery from the pandemic and avoiding future crises.
- But regulation is not keeping pace with innovation in fast-moving areas such as fintech and facial recognition.
- Collaborative and innovative regulation can help close this gap, the World Economic Forum’s Global Technology Governance Report 2021 says.
- Japan’s collaboration with the cryptocurrency industry and Finland’s open-data approach to transport show how governance can stimulate innovation and increase public trust.
From robots that minimize human contact to data analytics that can predict infection risks, technology has saved lives and livelihoods during the pandemic.
But as the Fourth Industrial Revolution (4IR) gains pace, are we also prepared for the challenges? The pandemic has seen a surge of phishing attacks as cybercriminals prey on our increased digital dependence.
From artificial intelligence (AI) to blockchain and drones, the coming wave of innovations could help build a fairer society – but without the right governance, these new technologies could pose risks too.
To stimulate this debate, the Forum has partnered with Deloitte to produce the Global Technology Governance Report 2021 – a survey of the most pressing gaps in technology governance and how to solve them.