The rapid advancement of technology presents a complex challenge for tech managers. Balancing innovation with legal compliance requires navigating a dynamic legal landscape. This Paper explores this intricate relationship, highlighting the critical legal considerations for tech managers. The paper lays the groundwork by outlining the legal frameworks governing tech development and use. Data privacy regulations, intellectual property laws, and cybersecurity standards form the foundation for responsible tech practices. These frameworks ensure user data protection, incentivize innovation, and safeguard information systems. Delving deeper, the Paper explores legal considerations in specific tech domains like AI and block chain. Biases in AI algorithms and the decentralized nature of block chain necessitate legal responses to address issues like fairness, accountability, and regulatory oversight. The paper then examines legal tech as a valuable tool for tech managers. Legal tech solutions streamline compliance processes, automate tasks like contract management, and facilitate data privacy governance. These tools empower tech managers to proactively address legal risks and ensure legal compliance. In conclusion, the paper emphasizes the importance of fostering a culture of legal awareness within tech management teams. By understanding the legal ramifications of their decisions, tech managers can drive innovation responsibly, mitigate legal risks, and ensure their organizations’ long-term success in the ever-changing technological landscape.
Published in | Abstract Book of the GLOBAL CONFLUENCE OF MANAGEMENT HORIZONS |
Page(s) | 36-36 |
Creative Commons |
This is an Open Access abstract, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
Copyright |
Copyright © The Author(s), 2024. Published by Science Publishing Group |
Tech Management, Legal Tech, Data Privacy Regulations (e.g. DPDPA, GDPR), Artificial Intelligence (AI), Block Chain, Cybersecurity Standards, Intellectual Property Law, Legal Compliance