This article first appeared in the September 2024 issue of Financier Worldwide.

Digital transformation projects are prevalent across the globe. According to Statista, worldwide spending on digital transformation technologies and services is projected to reach $2.49 trillion in 2024 and $3.9 trillion by 2027. Most companies are replacing legacy systems and have embraced cloud technologies. The use of generative artificial intelligence (GenAI) solutions, while not as widespread presently, is rising rapidly.

We are seeing numerous cutting-edge transactions involving digital transformation. These projects bring enormous benefits to companies, including improved staff and customer satisfaction, increased operational efficiency, the ability to aggregate and analyse data, and the development of new products and services. At the same time, we have seen an assortment of legal and regulatory issues that frequently arise in these projects. These may range from minor issues that can be settled over a phone call to high-priority matters that can prevent a project from getting off the ground or delivery being disrupted or delayed. In this article, we consider some of the pitfalls that lie in wait for the unwary.

Read the full article. 



Contacts

Justin Davidson
Justin Davidson
Partner
Email
justin.davidson@nortonrosefulbright.com
T: +852 34052426
Kerri Gevers
Kerri Gevers
Counsel
Email
kerri.gevers@nortonrosefulbright.com
T: +65 63095408
Jeremiah Chew
Jeremiah Chew
Director
Email
@

Industry:

Practice area:

Recent publications

Publication

The interaction between intellectual property laws and AI: Opportunities and challenges

In recent years, rapid developments in AI systems and technologies have transformed AI from a futuristic concept into an integral part of business strategy.

Global | November 12, 2024

Technology
Financial-institution-generic-building-window-office-AdobeStock_211661567

Publication

Draft Guidelines on abusive exclusionary conduct – Striking a balance between effective enforcement and economic analysis

On 01 August 2024, the European Commission (EC) launched a public consultation on the draft text of the Guidelines on the application of Article 102 TFEU to abusive exclusionary conduct by dominant undertakings (the draft Guidelines).

Global | November 05, 2024

Antitrust and competition

Publication

Key takeaways from the G7 Competition Summit on Artificial Intelligence

Facing the fast-growing development of AI across the globe, particularly Generative AI (GenAI), the G7 competition authorities and policymakers (Canada, France, Germany, Japan, Italy, the UK and the US) and the European Commission met in Italy on 3-4 October 2024 to discuss the main competition challenges raised by these new technologies in digital markets.

Global | November 05, 2024

Artificial intelligence (AI)
Site search

Subscribe and stay up to date with the latest legal news, information and events . . .

Register now