World Economic Forum Announces Global Technology Governance Summit and Flagship Report

Governance – Global Technology

World Economic Forum Announces Global Technology Governance Summit and Flagship Report
News 01 Dec 2020
:: World Economic Forum announces the inaugural Global Technology Governance on 6 7 April 2021. The summit will be held virtually and in Tokyo, Japan.
:: It will convene stakeholders from key industries, government, technology, civil society, and academia to drive cross-sector action on the most pressing technological challenges of our time.
:: The summit will focus on four core areas: industry transformation, government transformation, global technology governance and frontier technologies such as synthetic biology.
:: The Global Technology Governance Report will be a focal point of the summit. The report identifies 33 governance gaps across five technology areas: Artificial intelligence (AI), blockchain, drones and unmanned air systems, internet of things (IoT), and mobility (including autonomous vehicles).
:: Read the Global Technology Governance Report here.

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Global Technology Governance Report 2021: Harnessing Fourth Industrial Revolution Technologies in a COVID-19 World
In Collaboration with Deloitte
I N S I G H T R E P O R T D E C E M B E R 2 0 2 0 :: 67 pages
PDF: http://www3.weforum.org/docs/WEF_Global_Technology_Governance_2020.pdf

Executive summary – The global technology governance outlook for 2020 and 2021.
This study examines some of the key applications of Fourth Industrial Revolution technologies for
thriving in a post-pandemic world, as well as the complications of governance that may need to be
addressed for these technologies to realize their maximum potential.6

The report:

Describes governance gaps for each of the technologies. These include issues of privacy, liability, cross-border regulatory discrepancies and the potential for misuse by bad actors – such as the recent surge in ransomware attacks enabled by cryptocurrencies such as bitcoin or the risk of abuse osed by technologies like “deepfake” videos.7

How can regulatory agencies ensure the unrestricted flow of data necessary for many new technologies to operate robustly and efficiently while still safeguarding user privacy? Is facial recognition technology enough of a boon to police investigations to offset its potential for error and abuse? How vulnerable are IoT devices such as smart speakers and home cameras to hacks that put consumer data at risk?

Explores governance and oversight needs highlighted by the pandemic that should be addressed. These include balancing the need for human supervision of automated technology with the advantages of touchless operations in a post-COVID-19 world or assuaging consumers’ privacy fears surrounding contact-tracing apps.

Profiles innovative government frameworks that may suit these future economic engines and outlines some emerging post-pandemic approaches. Finland, for example, requires private innovators in the transit sector to make certain data standardized and publicly available, which has enabled cities such as Helsinki to create an application that integrates both private and public modes of transport and enables users to plan and book a multimodal trip from start to finish using one interface.8

Countries such as New Zealand have introduced guidelines that incorporate privacy, human rights and ethical concerns into the design of governmentalgorithms.9 The pandemic has also increased public-private coordination, as in the United Kingdom, which formed a taskforce of pharmaceutical companies,
regulators and academics to facilitate the rapid development of COVID-19 vaccines.10

Details many of the regulatory innovations in technology necessitated by the pandemic and explores whether or not they should become permanent. Regulatory agility, for example, has become increasingly important in the COVID-19 era, as governments ease restrictions to accelerate the development of new treatments and technology – such as autonomous delivery drones – to address
the pandemic.11 In other cases, governments have adjusted regulations based on user feedback or
created experimental sandboxes that allow the private sector to test out