Technology Magazine December 2024 | Page 166

AI / ML
The push for regulatory consistency and trust The survey also demonstrates strong support for privacy regulations , with 70 % of respondents believing privacy laws have a positive impact . Only a minimal 5 % perceive such regulations negatively . Moreover , there is growing advocacy for regulatory harmonisation , with 77 % of respondents favouring similar rules across different countries and regions to ensure consistent baseline privacy protections .
In the United States specifically , the support for federal privacy legislation is particularly strong , with 81 % of respondents expressing support for a comprehensive national privacy law . This suggests a growing recognition that fragmented privacy regulations may be insufficient in an increasingly interconnected digital world .
Perhaps most significantly for businesses , the survey reinforces the critical link between trust and commercial success . More than three-quarters of
166 December 2024