AI: A Regulatory Rubik’s Cube in Asia
AI: A Regulatory Rubik’s Cube in Asia June 20, 2024 Governments across Asia are setting the foundation for AI governance. ‘ASEAN is coming out with a digital economy framework. They also have gone into digital partnerships with individual countries.’ Singapore stands out in its approach to AI. ‘Singapore took the lead in creating a foundational framework for ASEAN data management. They built a structure and developed the first generative AI governance framework globally. This is fantastic for our strategic deployment of AI.’ Go deeper: Each country is moving in a different direction. ‘We see a fragmented approach to creating an AI ecosystem in Asia. Each country is going its own way.’ ‘India feels that any new AI regulations or control would adversely impact their IT workforce. Korea will regulate AI at least on high-risk countries. Japan will not come out with a strategy or even regulate AI. On the other hand, Thailand is working on a law governing AI.’ Divergent approaches across Asia may mirror what happened with data privacy laws. ‘The EU created the GDPR, becoming the reference law for all Asian countries. But what each country finally implemented was something totally different from GDPR.’ The EU has created the AI Act, and each Asian country may try to convert it into something local. ‘When you localise, you end up having different regulations in each country. That’s the biggest challenge we have from a compliance perspective.’ The bottom line: Fragmentation may slow AI’s implementation across Asia. ‘AI is the next productivity improvement frontier. But the largest challenge is the fragmented approach to AI.’ Deepen your understanding & explore the implications for business and strategy in our latest Asia Brief. Log In to access our latest reports. LOG IN Not yet a member?Contact us to learn more. You might also find these insights valuable Asean Asia Pacific China Geopolitics Japan Leadership Market Strategy Team-Building Bridging the Protectionist Gap in China August 22, 2024/ Bridging the Protectionist Gap in China August 22, 2024 Signs of rising protectionism amidst the country’s push for self-sufficiency are… Read More Japan: Back on the Radar August 21, 2024/ Japan: Back on the Radar May 8, 2025 Japan is looking positive. ‘There is a surge in consumption; people are… Read More Asia’s Geopolitical Balancing Act August 13, 2024/ Asia’s Geopolitical Balancing Act August 13, 2024 As rising geopolitical tensions – notably China versus the US, and Russia versus… Read More Load More End of Content.