We explore seven of the key global trends likely to shape the technology sector in 2020 and consider the legal implications for businesses.
The rapid outbreak of Covid-19 and the accompanying lockdown measures have dramatically changed life as we know it and transformed the business outlook for 2020. A striking feature of lockdown has been the need for a sudden shift to living and working online, and our continuing dependency on digital services for everything from healthcare to groceries, education to entertainment.
Covid-19 has accelerated existing trends and brought new momentum to the increased use of technology and data, digitisation and innovation across sectors such as healthcare and financial services, the rise of US and Chinese big tech, and protectionist policies seeking to safeguard national and regional interests.
From a legal perspective, there have been changes to the law and the approach of regulators. Steps have been taken to protect national interests and support individuals and businesses suffering financially. There are continuing regulatory investigations and enforcement activity and, going forward, we anticipate a renewed focus on regulating the digital economy.