There's a unique culture that surrounds innovation. It's an area of trial and error, which calls for a high degree of risk management. A standard global approach to risk management in innovation is the "three-lines-of-defense model," which calls for divided responsibilities. When it comes to digital innovation and new technologies, Tilburg University Professor and Morrison & Foerster Senior of Counsel Lokke Moerel believes the model "is not fit-for-purpose." In this piece for Privacy Perspectives, Moerel explains her rationale and how innovation and compliance can be achieved despite the uncertainty with artificial intelligence regulation.
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