On behalf of our Corporate Partner, Futurise Sdn Bhd, we would like to share an opinion piece written by Tengku Azrul Tengku Azhar, Head of Innovation Ecosystem, Futurise on ‘How the National Regulatory Sandbox creates an adaptive regulatory frameworks in anticipating innovations in Malaysia – opinion piece as follows:
New advancements in industries such as technology, artificial intelligence (AI), machine learning, big data analytics and the Internet of Things (IoT) are all hallmarks of the Fourth Industrial Revolution and are merely the tip of this disruption iceberg. These 21st-century technologies that continue to emerge and drastically affect our lives do however come with an apparent side effect – a gap between regulation and innovation.
As technological advancement continues to shape the future at an unprecedented speed, laws, regulations and policies have not been able to keep abreast, creating a growing need to fill this gap.
This of course begs the question: how do we strike a balance between fostering innovation, protecting consumers and addressing the potential unintended consequences of disruption?
To read the full article, please refer here – https://www.businesstoday.com.my/2022/02/16/evolving-regulation-to-fuel-innovation/
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