Article by Kelly Ommundsen: “We are living through one of the most transformative moments in human history. Technologies like artificial intelligence (AI), quantum computing and synthetic biology are accelerating change at a pace few institutions are prepared to manage. Yet while innovation is leaping forward, regulation often remains standing still – constrained by outdated models, fragmented approaches and a reactive mindset…
To address this growing challenge, the World Economic Forum, in collaboration with the UAE’s General Secretariat of the Cabinet, has launched the Global Regulatory Innovation Platform (GRIP).
GRIP is a new initiative designed to foster human-centred, forward-looking and globally coordinated approaches to regulation. Its goal: to build trust, reduce uncertainty and accelerate innovation that serves the public good.
This platform builds on the World Economic Forum’s broader body of work on agile governance. As outlined in the Forum’s 2020 report, Agile Governance: Reimagining Policy-making in the Fourth Industrial Revolution, traditional regulatory approaches – characterized by top-down control and infrequent updates – are increasingly unfit for the pace, scale and complexity of modern technological change…(More)”.