GDPR-style regulations need updating as they hinder innovation and contribute to a fragmented digital economy. Current frameworks struggle with emerging technologies like AI and real-time data processing, resulting in complexities and ambiguous implications. The healthcare and financial sectors are notably affected, with outdated regulations causing data silos and stifled innovation. Recent fines illustrate the growing costs of compliance errors. Alternative models from countries like Estonia and UAE show possible paths forward. The EU is shifting focus toward competitiveness and innovation, urging organizations to actively engage in regulatory discussions and adapt to evolving guidelines.
https://accesspartnership.com/gdpr-upgrade-lessons-from-around-the-world/