Innovation and regulation: two paths with the same direction

What happens with regulatory frameworks in disrupting moments? We talked with Marcel Mordezki, Professor of Innovation and Technology at ORT University.
Innovation and regulation: two paths with the same direction

Innovation and regulation: two paths with the same direction

Technological changes have brought about major industrial, technological, and social transformations. However, their progress has taken place outside regulatory frameworks, which raises different questions about how these regulations should be applied, how they should be thought of, and with what perspective they should be installed in a field that is still open today.

Marcel Mordezki agrees that regulation should reach these types of areas, especially the large companies that lead the industry, but whose operation lives outside the regulations. ”Every honest business, every worthy business, wants to be in the light of day,” says Mordezki. According to him, regulation, when it’s not absurd, far from immobilizing or bringing obstacles, establishes clear paths that stimulate innovation and development. Regulation brings certainty, certainty brings investment, investment brings growth”, defines Marcel.

One hammer for different nails

The technology industry started out very small and regulatory frameworks did not set eyes on it. However, it grew very fast, and today we are faced with a highly developed, advanced, immense industry, but with no regulation to frame it. Faced with this scenario, an attempt was made to apply tools from other areas, and on already established processes, which can often be seen as a curb, as an obstacle. However, regularization is a stimulating factor that establishes parameters within which the development of organizations takes place.

Today, companies that had previously rejected regulation realize that it not only gives them momentum and development, but also provides transparency and eliminates suspicions. This is why today they are seeking to apply tools and regulations to their scenarios, but they find themselves with a hammer that does not fit their nails. Censorship of content in social networks, control over hate speech, ethics in the development of artificial intelligence or the generation of fake news, are just clear and common examples of highly complex problems that we see every day in front of our eyes, but for which there seems to be no solution. With obsolete tools, without preparation, training or knowledge, we find ourselves in front of instruments that are useless to regulate these fields. To build regulations that are not only efficient, but also useful and sensible, we need to think of specific tools for specific cases.

I don’t want them to use my data”.

A common phrase (or fear) we often hear is the possibility of a third party using my data. Nothing could be further from the truth. Not because companies don’t use data, but because that data is not mine. Mordezki tells us that our data is actually very little. “Your data is your name, your ID, your e-mail, your phone number and, eventually, passwords to important accounts”, Marcel tells us, and these data is not important for companies, because they are useless for knowing how to manage a marketing, development or production strategy. The data they do use are the interactions that arise from our presence on a platform. Likes, clicks, downloads, entries. From the link between the user and the platform, using artificial intelligence or magic learning tools, we can define variables and characteristics that make the interests of the companies, but that do not make the users, but they build them while they are integrated to the tools that use it . The network is nourished by interactions, not by data” and this scenario is impossible to regulate, because it’s not private, they are interactions between different actors, and they build a new entity.


Sustainable ecommerce and the challenge of online returns

In episode number 15 of UR, we talk to Mariana Silvera, head of Pyxis' Environmental Commission, to learn about the impa [...]

Join Pyxis at SAP Sapphire Orlando, 2022

We all missed in-person events. So finally, after several years of digital interaction SAP Sapphire is returning to Orla [...]

Latin America: fertile ground for the development of Fintechs

Economist Mercedes Comas tells us about the different FinTech cases in Latin America, a favourable place for the install [...]


Receive all the latest news and technical articles from our company.