Digital and innovation

All businesses are being impacted by digital disruption. This disruption is being driven by the use of new technologies including AI, robotics, automation and distributed ledger technologies. Together with the power of big data, predictive analytics and the internet of things, these technologies are radically challenging existing business models and business processes.

Artificial intelligence

AI has the potential to transform and disrupt all areas of business. However, AI is unlike other technologies in that it learns from access and exposure to historic and ongoing data, and has the ability to make decision independently and also determine the basis on which those decisions are made. As such, the management of risk associated with use and deployment of AI demands a new and different approach.

On this site, we examine the legal, regulatory, compliance and ethical implications of the use of AI. Central to this analysis is the application of analogue law to a digital word.

Success in creating AI could be the biggest event in human history. Unfortunately, it might also be the last, unless we learn how to avoid the risks
Stephen Hawking

Digital defence risks

All companies are faced by a growing number of digital risks.  These risks are not confined to those perpetrating ever more sophisticated and threatening cyber-attacks.  The threat of the catastrophic failure of digital assets, theft of digital intellectual capital and assets, fake news and misinformation as well as data breaches, all have the potential to dramatically erode shareholder value and negatively impact reputation. Moreover, this is against a background of an increasingly strict regulatory and compliance environment. As such assessing and having a plan in place to address all digital risks is an urgent matter for the Board.

...the government’s latest Cyber Security Breaches survey showed a significant proportion of companies overall in our economy are still not adopting the basic cyber security precautions that are needed. More than two in five businesses identified breaches in the last twelve months. Despite that, two thirds of FTSE 350 boards say that they have had no training in how to deal with a cyber incident
Right Hon David Liddington MP
Chancellor of the Duchy of Lancaster