Innovation in a regulated world

2 Nov 2018

Technological development has outrun regulatory development within the past few decades - and yet regulation is increasingly important as 5G technology, AI and robotics play a larger role in shaping the future. After a decade of stagnated productivity, the Fourth Industrial Revolution, powered by digital innovations like 5G-enabled Internet of Things (IoT), AI, advanced robotics and additive manufacturing, is expected to create up to $3.7 trillion in economic and societal value by 2025.

Yet as technology adoption continues at large scale, the inability for regulation to keep pace has increased concerns that unchecked innovation may cause unintended harm to individuals or society, and that regulation may stifle progress in some regions; the US and China lead the technology innovation frontier, while a highly innovative yet underperforming Europe seems hampered by patchwork regulation across the continent and suffers from low R&D investment. The challenge: How might we propel the future digital economy through safe, human-centric regulation?