Through the Skills and Capabilities project, DRCF member regulators are working together to consider how best to attract the talent they need for digital regulation and to identify and develop plans for how to build the skills required to deliver on their regulatory remits.
The DRCF’s joint horizon scanning work brings together the four member regulators to combine their horizon scanning expertise to analyse the cross-regulatory implications of specific emerging technologies. This innovative work enables the DRCF to share knowledge, identify future challenges and develop potential solutions together and ahead of time.
Innovation is an important part of thriving, competitive markets. It enables new and improved products and services, increases consumer choice, and develops systems that drive down prices and improve service quality. Innovation also helps to drive the economy, supporting both improved productivity and economic growth. Through its Enabling Innovation workstream, the DRCF aims to make it easier for firms who need to comply across our respective regimes to do business.
Algorithmic systems including those classified as Artificial Intelligence (AI) are an increasingly important part of our digital lives. They can provide many benefits but without appropriate oversight they could lead to individual or societal harms and anti-competitive outcomes. As regulators of digital services, the DRCF members are working together to support the responsible use of algorithmic systems in a way that promotes their benefits and mitigates the risks to people and competition.