It might seem counterintuitive, but it’s common knowledge and apparently the natural order of things – technology moves much faster than the rules we set to govern it. Automobiles upset the public at first and caused governments to rethink roads. Airplanes caused governments to address the skies, something they’d never had to do before. Now drones are forcing them to rethink the rules about the sky, and public concerns are putting pressure on those decisions.
The key buzzword for business over the last decade has, without question, been “disruption”. A disruptive company, product, or service is one that brings an entirely new angle and vision to an existing industry, and when they do they make waves amongst both the current industry players and the governments that regulate them and their industry.
In this article we examine how new and disruptive industries and services are challenging regulation and compliance bodies.