A recent press release reports, “Current rules and regulations are under stress as society increases its digitalization. Gartner, Inc. says CEOs, CIOs and other executives must collaborate on new rules to protect individuals and groups while encouraging an innovative growing economy. ‘Trust in digital institutions such as social media has declined, concerns about data protection and privacy are increasing, and employee and company activism is increasing,’ said Mark McDonald, research vice president at Gartner. ‘These and other concerns point to disruption of the current self-regulatory-based system of digital regulation and the need for new approaches.’ Regulation in a digital world is challenging and complex. Rather than a few all-encompassing laws, it is more likely that regulation would be a blend of different rules, rule makers and subject areas. This creates the need for a framework to organize, evaluate and develop regulations with clear outcomes, focus and scope.”
The release continues, “The structure of digital society reflects the structure of digital technology as people, technology, business, culture and social interactions have evolved and emerged. There are four main levels of digital society that sit atop a substructure of commercial, communications and technologies capabilities: (1) Digital Society — The sum of the interactions, information, value and priorities generated between people, organizations and things in a digital and physical connected world. (2) Digital Platforms — Collections of digital businesses that form global value chain systems. Platforms attract buyers and sellers to transact on a specific collection of digital services. (3) Digital Business — New business models and designs connecting people, businesses and things to drive revenue, greater efficiency, improved safety and higher quality. (4) Digital Society Infrastructure — The institutions and foundational elements of the physical and digital worlds, including critical physical infrastructure and cyberinfrastructure.”
Read more at gartner.com.
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