A survey commissioned by Hogan Lovells showed the commercial world could improve legal risk management when technology fails.
The transformative nature of technology has brought massive benefits via predictive ability, ease of scaling, artificial intelligence and automated processes to ease the burden of intensive rules-driven tasks. But a recent in-depth survey showed that more needs to be done to manage the legal risk when that technology fails, through crisis planning, identifying the critical technologies and auditing third-party partners, all underpinned by relevant expertise at corporate board level.
Commissioned by Hogan Lovells, Litigation Landscape: How to prevail when technology fails, points out that technology failures do not only lead to substantial operational, financial and reputational harm, but can also foment litigation and regulatory scrutiny on top of this.
The report contrasted the 61% of respondents who cited technology as a…
