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How Emerging Technology Creates Issues for Compliance
( go to the article → https://datafloq.com/read/how-emerging-technology-creates-issues-compliance/8039 )
As technology advances at lightning speeds, regulations and compliance tests attempt to maintain the same pace. Big tech and big data are expanding and evolving, gathering more information, and developing more devices every day. The balance of regulating this progress, however, is not without issues. If regulatory governance and compliance services wish to stay ahead of innovations, they must strive for updating policies. Transparency, accountability, privacy and growth rate are topping the list of balance dilemmas between compliance and new technology. Technology Growth RateThe rate at which technology is progressing is the fastest it's ever been. With the Internet of Things (IoT) emerging as the leading force of the Fourth Industrial Revolution, the sector is moving quickly. As it optimizes connections through its network of all things digital and internet-related, it's singlehandedly catapulting the industry forward.IoT provides new devices, products and ways to connect. This capability affects all industries as companies now rely on technology for their business operations. With this rate of growth, regulation standards need to improve. The speed of technological advancements is outpacing the updates for compliance. Bigger companies, especially, will need improved regulations as they use significant amounts of personal data. Global and national laws must ...Read More on Datafloq
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