Digitization and the expansion of the regulatory risk landscape across sectors
This book talked about the rapid digitization during and after the pandemic in detail in the previous chapters. In this pre-pandemic era, you could excuse a business leader who thought about regulatory risks once a year just before their board meetings, but at the time of writing, irrespective of the sector or the industry a company operates in, all leaders need to be aware of the regulatory risks. Not only that, but it is also contingent on them to ensure that a culture of compliance percolates through their organization and that they support that through the essential technological tools as well.
The world of business has changed quite a bit with the advent of digitization. With the pandemic acting as a catalyst, the whole rate of change has accelerated exponentially. This acceleration has led to the emergence of new business models, which has, in turn, made the regulators sit up and take notice. At...