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It aligns Sri Lanka's data protection regime with international standards, potentially facilitating cross-border data flows and digital trade. The Act is expected to enhance trust in digital transactions and services while promoting responsible data handling practices across public and private sectors.
In March 2023, the UK released the white paper A pro-innovation approach to AI regulation. [146] This white paper presents general AI principles, but leaves significant flexibility to existing regulators in how they adapt these principles to specific areas such as transport or financial markets. [147]
Disrupt Asia is conference and festival in Sri Lanka dedicated to startups and innovation. It is organized by the ICTA. The innovation festival features a startup showcase, a knowledge hub, partner offerings, and art installations. It is a competition where shortlisted startups can pitch and win prizes.
The AI may be in control at that point,” Musk said in an interview with Fox News host Tucker Carlson. “That’s definitely where things are headed. “That’s definitely where things are ...
Freedom of information laws allow access by the general public to data held by national governments and, where applicable, by state and local governments. The emergence of freedom of information legislation was a response to increasing dissatisfaction with the secrecy surrounding government policy development and decision making. [1]
Establishing ‘Fintech Association of Sri Lanka’ was initiated at the ‘Fintech Meetup’ of the ‘Asia-Pacific Executives Forum’ which was held at Hilton Colombo in 2018; where the Central Bank of Sri Lanka Assistant Governor also participated and delivered a speech on regulatory role of Central Bank on Fintech. [10] [11]
Information technology in Sri Lanka refers to business process outsourcing, knowledge process outsourcing, software development, IT Services, and IT education in Sri Lanka. [1] Sri Lanka is always ranked among the top 50 outsourcing destinations by AT Kearney , and Colombo and ranked among "Top 20 Emerging Cities" by Global Services Magazine. [ 2 ]
The apex body in Sri Lanka for government research funding is the National Science Foundation of Sri Lanka. [2] The Accelerating Higher Education Expansion and Development (AHEAD), a joint program between the Sri Lankan government and the World Bank, provides research grants to Sri Lanka's higher education institutes.