The tech sector, as all other sectors of the economy, has been heavily impacted by the COVID-19 crisis, but not necessarily in a negative way. The pandemic could in fact represent an opportunity for five key tech sub-sectors to innovate their business models and show policy makers the potential of new technologies for good during (and beyond) global crises.
The EU has set great ambitions around artificial intelligence, seeking to accelerate innovation and foster a much more competitive environment. But as the example of the copyright directive shows, much can go wrong for Europe’s AI businesses if they do not pay attention to what will be proposed.
Rapid technological transformations driven by US and Chinese companies are posing a serious challenge to Europe's policymakers. Third way politics looks set to shape much of the regulatory response.
The UK Government has positioned itself an avid supporter of the immersive tech sector. It is nurturing the fledgling domestic industry through a range of mechanisms, including funding, tax incentives, mentorship and practical support.
Tighter drone regulation is on its way all acorss Europe, with EASA about to finalise its long-awaited blueprint. But some of the more difficult questions remain unanswered. And they are set to the define the industry for many years to come.
Electric scooters are the latest addition to transport options in cities. They are user-friendly, green and increasingly popular with consumers, but in some cities they are causing headaches for policymakers.
Innovation in the tech sector is moving at a rapid pace, and the companies driving these innovations are increasingly facing political and regulatory hurdles. A public affairs agency can help companies monitor trends in politics and regulation that may affect their business.
Policy and regulation can have a significant impact on companies in the tech sector, in terms of both their operations and their growth prospects. Keeping abreast of political and regulatory trends will help companies to spot potential threats or opportunities early on.
According to recent research by management consultancy A.T. Kearney, the global market for 3D printing is set to grow from $4.5 billion today to $17.2 billion by 2020. With this rapid growth will come added scrutiny from policy makers and regulators. To support its long term growth, and for the industry to fulfil its remarkable potential, a supportive regulatory and policy framework will be critical. To help build this framework, and to put in place policies that will stimulate industry growth and accelerate the uptake of 3D printing technology across the economy, it will be imperative for industry associations to play their part and to engage with key policy makers and regulators.
Clothes which measure your heart rate and locate you via GPS while you run. Smart watches that can be used as an extension of your smartphone. The ability to access the internet with your glasses. These are just a few examples of the most recent wearable technology devices.
But is there enough demand for these innovative products? According to the International Data Corporation (IDC), estimated global sales will exceed 19 million units in 2014, more than triple last year’s sales. In 2018, sales are predicted to increase up to 111.9 million units.
From guns to body parts,3D printing technology has introduced a digital manufacturing revolution, which is already disrupting some of our well-established industries.
Companies are now able to print silicone, latex, ceramic, clay, play dough, Nutella, or icing sugar. In the medical field, 3D printing brings the ability to print replacement body parts, organs, skin and bones. NASA has recently purchased a 3D printer for the International Space Station in order to produce spare parts and other items, cutting transportation costs and improving safety. In China, a company has used large 3D printers to build 10 detached one-storey houses in just a day. However, technology is advancing faster than regulation. Very soon, regulators will need to consider the implications of the recent emergence of 4D printing.