TIV’s Vice President of Emerging Technologies and Intellectual Property, Dr. Mirjana Stankovic, and TIV’s IP Researcher, Mr. Nick Neftenov, published in the world leading science journal, Proceedings of Science (PoS) on “Regulating Emerging Technologies: Opportunities and Challenges for Latin America.” The paper provided novel insights and analysis on the current and future implications of the Fourth Industrial Revolution in Latin America. In particular, the paper highlights the unique regulatory challenges that the Latin American region will encounter due to the rapidly changing dynamics of emerging technologies. It then proceeds to take a deep dive in some of the most pressing issues borne from such scientific advancements, including the AI Conundrum (e.g. the black-box problem; algorithmic bias; the exponential growth of disparities of technologically literate vs. technological lagging countries).

Furthermore, the authors explore the importance of “data awareness,” namely how people need to understand the implications of the digital age on the ownership, control, privacy and security of their data. This is becoming a greater issue with not only how the nature of data analytics and usage changes, but also in different regional approaches to the problem, such as the difference in approach of the United States compared to the EU. Whereas the US has been segmented and focused more on sector-specific rules, with credit card companies able to track their users’ habits and preferences, the EU instead advocates for greater protection of one’s personal data, for example.

Finally, the paper concludes with TIV offering four principles to guide the future of regulation in the Fourth Industrial Revolution:

1. Innovation and Adaptive Regulation

2. Outcome-focused regulation

3. Evidence-based regulation

4. Collaborative regulation