This summer, as part of my Executive MBA at the Vienna University of Economics and Business, I embarked on an international immersion in the USA. This experience was not just an academic exercise but a profound journey into the world of digital transformation, data science, and the regulatory challenges posed by emerging technologies.
Harvard Lectures: A Dive into Data Science
At Harvard, I attended lectures on Introduction to Data Science, which provided a comprehensive overview of the fundamental principles and techniques shaping the field. These lectures covered a range of topics, from data collection and processing to machine learning algorithms and data visualization. The insights gained were invaluable, particularly in understanding how data science can be leveraged to make informed decisions in various business sectors, including law.
The lectures emphasized the growing importance of data literacy for professionals across all fields. In an era where data drives decision-making, understanding the intricacies of data science is not just beneficial but essential. This knowledge is crucial for legal professionals like myself, as it enables us to better comprehend the technical aspects of cases involving digital evidence, data privacy, and cybersecurity.
Company Visits in New York: Bridging Theory and Practice
Following the Harvard lectures, I had the privilege of visiting two well established companies and one start up in New York. At Dell Inc. we focused primarily on their cutting-edge hybrid cloud solutions and their advanced hardware designed for military and police applications, highlighting Dell’s commitment to providing robust, secure technology across diverse sectors. I also had the pleasure the visit SNP Global, where they demonstrated various big data solutions designed for market analysis and data-driven business decisions, emphasizing how their technologies empower organizations to make informed, strategic choices in an increasingly complex market environment. Finally, we visited the startup Behamics. whose AI driven product is used for enhancing online customer experiences and influencing customer behavior. This last visit was especially dear to me because I met with the founder Valon Xhafa that comes from our corner of the world – Kosovo.
These experiences underscored the critical role that data science plays in the modern economy. Companies that effectively harness data can gain a significant competitive edge, making data-driven strategies a key differentiator in today’s business landscape.
Lessons for our law practice
In the context of digital transformation and data science, the regulation of personal data protection and AI has never been more critical. The European Union’s General Data Protection Regulation (GDPR) has set a global standard for data privacy, influencing legislation worldwide. As a lawyer, I recognize the importance of these regulations in safeguarding individuals’ privacy while allowing businesses to innovate responsibly.
The EU is also leading the law in the emerging field of AI regulation. With its EU AI Act the EU establishes stringent regulations for AI development and use within the European Union, focusing on ensuring safety, transparency, and fundamental rights protection. There is still no comparably comprehensive AI regulation in the world. Therefore, similarly to the GDPR, it is expected that the EU AI Act will shape global AI standards and regulation. This soft power is called the “Brussels Effect”, whereby companies and countries across the world accept EU’s standards in order to access the European market.
Our law office plans to stay on top of the unique regulatory challenges concerning AI. As AI systems become more autonomous and capable, questions about accountability, transparency, and bias arise. Ensuring that AI technologies are developed and deployed ethically is a priority, requiring a balanced approach that fosters innovation while protecting the public interest.
Looking Ahead: Navigating the Future of Law and Technology
As I continue my journey in the legal profession and in my Executive MBA program, I am more convinced than ever of the need to bridge the gap between law and technology. The future will undoubtedly bring more complex challenges at the intersection of these fields, but with the right knowledge and approach, we can navigate these challenges effectively.
My experiences this summer have reinforced the importance of continuous learning and adaptation in an ever-evolving landscape. As we move forward, I am committed to leveraging my expertise in both law and data science to provide informed, innovative solutions to my clients, helping them navigate the complexities of the digital age.
For advice on how to register and protect your intellectual property, feel free to write (contact@boshnjakovski.com) or call (+38970257879).
