By Joan Honig, DocuWare – According to a 2018 report by Deloitte and Forbes Insight, The Fourth Industrial Revolution Is Here – Are You Ready?, new regulations will likely be a response to how well government thinks that business leaders are managing what they call Industry 4.0. The report says that, “Definitions for Industry 4.0 abound, but the change it portends at its core is the marriage of physical and digital technologies such as analytics, artificial intelligence, cognitive technologies and the internet of things (IoT).”
Respondents to their survey of more than 1,600 C-level executives in 19 countries strongly agreed that new regulations that come into play because of rapid technological advances will have a significant impact over the next five years. In accordance with the report’s prediction, recently enacted data privacy regulations like CCPA and GDPR put compliance further into the forefront of issues that are important to the business community.
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SOURCE DocuWare
