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By December 2023, the Ministry of Innovation and the Ministry of Justice published a joint AI regulation and ethics policy paper, outlining several AI ethical principles and a set of recommendations including opting for sector-based regulation, a risk-based approach, preference for "soft" regulatory tools and maintaining consistency with ...
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.
Another emerging topic is the regulation of blockchain algorithms (Use of the smart contracts must be regulated) and is mentioned along with regulation of AI algorithms. [6] Many countries have enacted regulations of high frequency trades , which is shifting due to technological progress into the realm of AI algorithms.
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]
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.
An Act to establish the Online Safety Commission; to provide safety from prohibited statements made online; to prevent the use of online accounts and inauthentic online accounts for prohibited purposes; to make provisions to identify and declare online locations used for prohibited purposes in Sri Lanka; to suppress the financing and other support of communication of prohibited statements and ...
Sri Lanka's cabinet approved issuing free tourist visas to visitors from 35 countries including China, India and Russia, a top official said on Thursday, in an effort to boost tourism and help ...
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 ]