The Digital Markets Act: a translation Cristina Caffarra and Fiona Scott Morton argue that the European Commission's proposal is progress, but there are issues that need to be addressed You’re very welcome 2021 – top technology trends Jonathan Sharp says 2020 has exposed everybody to digital technology in the workplace, and 2021will continue the disruption Digital platforms and antitrust A proper regulatory framework is needed to relieve concerns about online platform competitive practices, argue Geoffrey Parker, Georgios Petropoulos and Marshall Van Alstyne Better together than apart Neil Sandle looks at how data management and analytics are joining forces to fire up financial firms, opening up a new world of opportunity Brave new strategy – time to reset COVID-19 has bought technology to the forefront. Jonathan Sharp says this is an opportunity to reset, learn and evolve Blockchain: a catalyst for change? Mark Legard believes that blockchain will be a catalyst for change, and we will all reap the benefits Digital transformation: what can banks learn from other sectors? Established banks see digital transformation as a top priority to help them counter disruption. Paul Jones considers how banks can succeed Harnessing analytics in the fight against fraud Anna Lykourina explores how organisations can turn to advanced analytics for fraud detection and prevention, helping to keep fraudsters at bay Big data versus COVID-19 All available resources need to be brought to bear on COVID-19. J Scott Marcus asks to what extent can digital technology help, what risks are there in using big data, and what policies can mitigate any limitations that these risks impose? Open source – and why it matters in financial services The financial sector is being transformed by digital technologies. Mark Hermeling considers how open source software is driving the transformation Transforming financial services Disruptive technologies are turning the financial sector upside down. Jonathan Sharp says now is the time to embrace digital transformation to improve customer services, productivity and revenues The dynamics of data accumulation The bigger you are, the more data you can harvest. Julia Anderson asks whether data accumulation necessarily breeds monopolies in AI and related machine learning markets? Isn’t gene editing a better form of crossbreeding? We are bombarded with anti-GMO messages from environmental activists. Vijay Jayaraj writes that modern gene editing techniques are not evil and will ensure the future of global food security How is AI augmenting compliance practices? Compliance is a must-do activity, with the possibility of heavy penalties for noncompliance. Colin Bristow illustrates how AI can lead to a more efficient and valuable compliance function Who needs a blockchain? In a wide-ranging interview with WCR Lyle Wraxall explains how diversity will drive the adoption and understanding of blockchain across the Isle of Man’s business communities and beyond Hybrid and cybersecurity threats Maria Demertzis and Guntram Wolff find that EU finance ministers should advance a broader political discussion on the integration of the EU security architecture applicable to the financial system An easier consumer journey when buying online Helping consumers to make informed choices benefits consumers, companies and markets. Pedro Oliveira charts how European business organisations have developed a tool to better inform consumers TechAwards and TechWeek get together to celebrate innovation The Bermuda Department of ICT Policy and Innovation write that leadership in fintech regulation has allowed Bermuda to develop the new economy Challenges in the digital age Industry 4.0 is creating many challenges and opportunities. Vincent Labhard, Peter McAdam, Filippos Petroulakis and Lara Vivian review a recent ECB conference Accelerating revenue with digital transformation Companies need to embrace the new culture that digital transformation brings. Jonathan Sharp provides a roadmap The legal sector is primed for disruption from AI. Here’s why… Nikolas Kairinos outlines a few key snippets of wisdom to help legal organisations and professionals leverage AI to help them do more, do it better, and do it at a lower cost Personal Information Protection Act 2016 (PIPA) The Bermuda Department of ICT Policy and Innovation review the Personal Information Protection Act 2016 (PIPA) As the globe turns, so does the axle of tax compliance It's important to have a strong working knowledge of the obstacles to tax compliance. Pawel Smolarkiewicz looks at how digital transformation is affecting organisations' approach Managing machines: the governance of AI Technology is shaping a new economy powered by big data and advanced analytics. Financial firms have to understand the implications for governance in order to identify and manage the associated risks. James Proudman gives three principles firms can use when they’re thinking about how to do this Providing assurances about customers’ data security The public are becoming more engaged with data security. Geoff Forsyth says it is now clear that people are prepared to hit companies who don’t take data security seriously where it hurts Is this post legal (under new EU copyright law)? Catarina Midoes examines new EU rules on using snippets from news publishers and on copyright infringement liability that might affect circulation of information, revenue distribution, market power and EU business competitiveness Has AI really lived up to the hype? In many cases AI is changing the world. Nikolas Kairinos talks about the evolution of AI and the prospects on the horizon for society San Marino: at the forefront of blockchain The San Marino Republic is at the forefront of Distributed Ledger Technology and has just published specific blockchain technological legislation for firms. Stefano Loconte reviews How is tech redefining HR? AI is already taking the world of HR by storm, and has become an integral part of many successful HR strategies. Ritam Gandhi cautions that using AI doesn’t mean taking the ‘human’ out of human resources Bermuda's global leadership in the FinTech space The Bermuda Department of ICT Policy and Innovation outline how Bermuda is creating an environment for FinTech that will make the Island a centre of excellence Cybersecurity: at the forefront Within the ever-evolving cybersecurity landscape it is important to share information and share communication. Bermuda participated at the recent Cybersecurity Risk Conference held in Baltimore, Maryland Innovative cybersecurity Adamson Middleton's Marine Technology Specialists present Mobile Device Management & Live System Monitoring to prepare the maritime industry for future cybersecurity threats Post-Brexit transfers of personal data: the clock is ticking EU-UK talks on a future data-sharing relationship have yet to start. J Scott Marcus says this bodes poorly for the UKs future status under GDPR Can you control how your data is collected online? Alex McCready writes on when and how individuals can seek compensation for damage caused by misuse of data, and offers advice on how you can retain more control on data collected Bermuda: leading the way in fintech In early 2018 Bermuda launched a fintech initiative to become a global technology hub. Caroline Caton reviews how legislation is achieving this goal Be more trusted World Commerce Review interviews Gerhard Oosthuizen about the exciting future for payment enablement technologies Data quality - the lifeline of successful AI adoption AI requires large amounts of data to drive the decision-making processes. Jan Hanika finds that a successful deployment of AI also requires a suitable information infrastructure Google at 20: how a search engine became a literal extension of our mind Google’s products have become integrated into our everyday lives. Benjamin Curtis argues that there are some deeply troubling issues we urgently need to address The Digital Freedom Pass: emancipation from digital slavery Dennis Snower argues for reform in the form of a Digital Freedom Pass. The person can then choose which identification to share, with whom, and when, allowing emancipation from our current digital slavery The economics of the Google Android case Alexandre de Cornière and Greg Taylor argue that the case offers a great example of the need to consider the implications of the market’s two-sidedness Economic policy for artificial intelligence Policy will shape how AI affects society. Ajay Agrawal, Joshua Gans and Avi Goldfard consider policies that will influence diffusion and policies that will address the consequences of AI European ‘techlash’ or milestone in antitrust enforcement? Cristina Caffarra, Oliver Latham, Matthew Bennett, Federico Etro, Pierre Régibeau and Robert Stillman argue that the European Commission's decision on Google Android has economic merit and falls within established legal precedent When technology serves people Margrethe Vestager says technology can be shaped to fit society's values so that technology serves people and not the other way round Ensuring safety online Bermuda is ensuring the safety of young people through several important initiatives. The recent Digital Leadership Conference outlined the progress CEO’s – keep calm and carry on with a business continuity strategy Business continuity is not a choice, it should be mandatory. Jonathan Sharp looks at the essential steps that businesses or organisations should make Failure is an option Employees are the catalyst for change. Jonathan Sharp writes that a 'growth mindset' culture should be supported by businesses to enable them to thrive The Bank of England – open to fintech Dave Ramsden speaks about the importance of new technology in the financial services industry and the launch of the Bank of England's new Fintech Hub Top technologies impacting commercial banking now and in the future Russell Bennett outlines some of the top technologies transforming the banking world today Bermuda Youth Makers take central stage The Bermuda Department of ICT Policy and Innovation reviews the Youth Maker Showcase, which demonstrated how STEM education enhances learning Time for a digital detox? Peter Thomson points out that our stressful work patterns are not caused by technology but by leaders who have allowed their organisations to develop unhealthy work patterns and are ignoring culture instead of managing it How blockchain is set to disrupt the future of gaming Egor Gurjev writes that blockchain is transferring power back to the hands of the gamers and is a natural transition for the gaming industry Moving forward with fintech application development There is no need for banks to be held back by legacy systems, Kyle Ferguson writes, as smaller fintech firms are able to assist banks in reaping the benefits of technology How technology can provide solutions for rising retail fraud In order to confront the rising cost of fraud, retailers are recognizing the need to deploy a robust technology strategy. Alice Bonasio considers some solutions Can Industry 4.0 save the planet? The use of technologies, techniques and business models linked to industry 4.0 will be essential to achieve a low carbon transition, and the the public sector will play a key role, argue Tomas Wyns and Martin Porter Technology Archive To link to archive articles click here