Many technology companies conduct business in multiple countries, which makes it essential to stay on top of a range of variable global tech regulations. This task becomes even more challenging in the face of rapid technology shifts that require fast and evolving responses from regulatory agencies.
Below, members of Forbes Technology Council offer their expert insights and personal strategies to help fellow industry leaders stay informed about ever-changing global tech regulations. Follow their advice to stay on top of legal shifts and remain compliant.
1. Monitor Mandates In Select Disciplines
Not all regulations are equal. For example, the open-source software community is massive and diverse and prompts endless requirements. In this environment, uniform knowledge is impractical. To ensure optimal compliance, strategy leaders should carve out areas of importance and expertise—security, licensing, privacy—and monitor only the mandates relevant to those disciplines. – Varun Badhwar, Endor Labs
2. Establish A Dedicated Monitoring Team For Industry News
Tracking regulations in healthcare, where daily decisions impact lives, is tough. Leaders must focus on emerging trends and work with those facing similar industry challenges. Establishing a dedicated monitoring team and staying updated on industry news and developments are crucial strategies for staying ahead of regulatory shifts. With these strategies, leaders can easily navigate the complex regulatory landscape. – Harshit Jain, Doceree
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3. Focus On Regions Relevant To Your Business
To stay informed about global tech regulations, leaders should focus on regions relevant to their business—specifically, where they operate and serve customers. By prioritizing the strictest regulations, they can create a unified compliance framework. I work closely with our governance, risk and compliance leader to stay appraised of what’s coming in the quickly evolving regulatory landscape. – David Gucker, Vultr
4. Follow Technology Leaders On LinkedIn
I leverage LinkedIn extensively. To monitor global tech regulations, I follow key technology leaders and companies to stay informed about what they are saying. – Richard Ricks, Silver Tree Consulting and Services
5. Create A Regulatory Intelligence Network
An effective way for leaders to stay updated on global tech regulations is by building a regulatory intelligence network. This includes subscribing to industry newsletters, joining professional associations and designating a legal expert to track changes. This ensures timely updates and helps leaders stay compliant and adjust strategies as needed. – Maksym Mashnytskyi
6. Join International, Cross-Industry Collaborations
To navigate evolving global tech regulations, leaders should foster cross-industry collaborations. Joining international coalitions provides diverse perspectives on regulatory interpretation and adaptation. This approach not only keeps you informed, but also positions your company at the forefront of compliance innovation, turning regulatory challenges into opportunities for growth and leadership. – Karan Jain, NayaOne
7. Co-Present At Conferences With Regulatory Representatives
Co-present at conferences and workshops alongside representatives of state and local regulatory bodies. Sharing a stage has a way of bonding people, and personal relationships are great for keeping up with the latest news. If you’re looking for topic ideas, watch the regulators’ channels. They are often prolific content producers. – Ogie Sheehy, ViClarity
8. Partner With External Advisors Or Legal Consultants
An effective strategy for staying informed about global tech regulations is leveraging partnerships with external advisors or legal consultants who specialize in regulatory compliance. Additionally, AI-powered tools that monitor and send notifications about regulatory changes in real time can provide leaders with timely updates, ensuring they remain ahead of emerging laws and standards. – Holly Minch, Museum of Pop Culture
9. Assign Team Members To Monitor Specific Regions
Create a regulatory monitoring team and assign the members to specific regions. This team should be responsible for continuously tracking regulatory changes, analyzing impacts on the organization and disseminating relevant updates to key stakeholders. With this strategy, leaders can stay current with new mandates and maintain compliance—and as an additional bonus, they can monitor tech trends. – Matthew Peters, CAI
10. Foster A Culture Of Continuous Learning
I believe leaders should foster a culture of continuous learning within their organizations by encouraging participation in industry conferences, webinars and training sessions. This proactive approach enables leaders to anticipate regulatory shifts and adapt their strategies accordingly. – Olanrewaju Ogunleye, Delarex Technologies
11. Combine Human Expertise With Scalable Technology
Global firms face ever-changing, jurisdiction-specific regulations. Leveraging technology is essential for managing this complexity—but compliance tech must also be supported by regulatory experts. By combining human expertise with scalable technology, platforms can quickly implement new frameworks, enabling clients to easily adopt, configure and maintain compliance. – Rochelle Blease, G2 Risk Solutions
12. Engage With Cross-Functional Experts And Regulatory Leaders
Leaders can stay informed about evolving global tech regulations by building strong relationships with cross-functional teams, including legal and regulatory experts, and regularly engaging with industry groups and regulatory agencies. This ensures timely updates, diverse insights and a proactive approach to compliance in the ever-changing medtech and broader tech spaces. – Frank Chan, Medtronic
13. Join Industry Communities And Take Advantage Of Networking Opportunities
An effective strategy leaders can leverage to stay informed is to join various communities that relate to their industries and attend webinars and conferences where they can network and learn the current trends in global tech regulations. – Nihinlola Adeyemi, ErrandPay Limited
14. Set Google Alerts For Trusted Sources
If you don’t have a compliance team, stay up to date by setting Google Alerts for trusted sources at the forefront of regulations. For example, the World Economic Forum is focused on public-private partnerships and does a lot of research and papers on regulatory frameworks. – Chet Kapoor, DataStax
15. Build A Multidisciplinary Advisor Network
Develop a network of trusted advisors, including legal experts, compliance professionals and tech policy analysts who specialize in international regulations. Such a network can keep a leader updated on regulatory changes and provide insights on compliance impacts for specific markets and technologies. This ensures strategic decisions are proactive rather than reactive. – Alexis Vertefeuille, Sinistar
16. Ask Your Customers About Their Concerns
In the most regulated industries, your customers will be the ones who are most aware of developing regulations. Asking them about the IT challenges they see coming their way is a good way to get a quick overview. Additionally, you get bonus points with your customers for caring about their concerns. – Kevin Korte, Univention
17. Subscribe To Specialized News Portals
A good way for executives to keep up with the latest developments in international IT legislation is to subscribe to specialized legal and tech news portals. Attending industry webinars and participating in expert briefings on a regular basis can also offer timely insights that help them quickly adapt and make wise judgments. – Ashok Manoharan, FocusLabs
18. Combine Desk Research With In-House Expertise
Desk research to monitor public policy announcements and press releases is core, but the right in-house expertise is critically necessary for building strong relationships with policymakers to understand what’s coming in terms of policy changes. Effective analysis helps companies adapt quickly to capitalize on opportunities and ensure compliance at all times. – Alex Ford, Encompass Corporation
19. Use Large Language Models To Digest Lengthy Content
The diverse space of global regulations benefits from large language models’ rapid advancements. Competing language models mitigate hallucinations and can explain the causal chains for individual cases while digesting thousands of pages related to global and local regulatory environments. – Filip Dvorak, Filuta AI
Source: Forbes
