The Fourth Industrial Revolution – the technological revolution – creates new industries and changes current ones.
The Government’s White Paper “Regulation for the Fourth Industrial Revolution” , sets out to ensure that our regulatory system continues to support innovation and investment whilst safeguarding people and the environment.
Artificial Intelligence, the data revolution, environmentally clean economic growth and mobility, the challenges of an ageing society all require innovative solutions. Yet only 29% of businesses believe the current government approach to regulation facilitates innovation.
The White Paper states the government’s ambition – to be the world’s most innovative economy and the best place to start and grow a business – will be supported by the establishment of a Regulatory Horizon Council (RHC). The RHC will identify the implications of technological innovation and advise the govt on the regulatory reform needed to support its rapid and safe introduction.
Today the government announced the appointment of Cathryn Ross as the inaugural Chair of the new Regulatory Horizon Council. Cathryn is currently Group Regulatory Affairs Director at BT Group.