ICT Challenges for 2010 and beyond, challenge 2: coping with continuously increasing regulation
For the coming years, I forsee some challenges in ICT. In my blog I will share some thoughts on these with you.
Challenge 2) The way people work will be more and more influenced by regulation.
It may be a sign of civilization, having rules of conduct, but it can also be a nuisance when doing business. In the last decades, an increasing number of national and international rules and regulations has flooded companies. Well known examples: Sarbanes-Oxley, Basel I & II.
Ofcourse, regulation in essence is a good thing, by clearly communicating what you expect of eachother, you can reduce risk of misunderstandig and possibly damage. On the other hand, when doing business or just performing your tasks, you have to think about an increasing number of restrictions and extra work, e.g. reporting. And regulation can be contradictive as well.
This will only increase further in the coming years due to the uncertainty that has been raised by the financial crisis. In other words: for the worker, the challenge of performing will even further increase.
Can technology help in coping with challenge 1 and 2?
But wait, there is more! We are presently experiencing a potentially disruptive economic and financial crisis... let's talk about some more consequences in my next post.
Challenge 2) The way people work will be more and more influenced by regulation.
It may be a sign of civilization, having rules of conduct, but it can also be a nuisance when doing business. In the last decades, an increasing number of national and international rules and regulations has flooded companies. Well known examples: Sarbanes-Oxley, Basel I & II.
Ofcourse, regulation in essence is a good thing, by clearly communicating what you expect of eachother, you can reduce risk of misunderstandig and possibly damage. On the other hand, when doing business or just performing your tasks, you have to think about an increasing number of restrictions and extra work, e.g. reporting. And regulation can be contradictive as well.
This will only increase further in the coming years due to the uncertainty that has been raised by the financial crisis. In other words: for the worker, the challenge of performing will even further increase.
Can technology help in coping with challenge 1 and 2?
But wait, there is more! We are presently experiencing a potentially disruptive economic and financial crisis... let's talk about some more consequences in my next post.
posted by HansR at 9:00 AM
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