New Tech, New Threats: Effectively And Safely Implementing New Technology

As technology plays an increasing role in our society, organizations should ensure they are aware of the contractual, privacy and risk mitigation best practices associated with emerging technologies.

Below are five key considerations organizations should bear in mind when implementing new technology:

1. Contracting for digital solutions. Businesses are increasingly implementing new technologies — such as cloud computing, artificial intelligence and machine learning — in order to reduce costs, generate new revenue streams, increase customer engagement, and develop competitive advantages. In most cases, these businesses enter into agreements with technology providers for this new technology. Technology agreements for larger-scale projects and technology implementations can be complex, and need to be carefully drafted and negotiated to ensure that any new technology is implemented on time, on budget and based on desired specifications, and that any ongoing services