1 . Protect digital sovereignty
Digital sovereignty will be a primary source of complex , dynamic and expanding compliance obligations for multinational enterprises . Governments are primarily addressing it through their legislative and regulatory powers , such as privacy laws like GDPR , and are increasingly turning to extraterritorial legislation . Companies that deal with the citizens of a jurisdiction are required to comply with its laws , regardless of where the company operates or where the citizens reside .
CIOs must be proactively engaged in ensuring that the IT organization ’ s operating model and practices reflect current laws and regulations in place . Their role is to be aware of the legal environment and articulate to other executives how the IT organization supports compliance across the enterprise .
2 . Build a local technology industry
The technology industry is of great interest to public policymakers around the world due to its size , fast growth , strategic importance , tax revenue , employment possibilities and lack of requirement for a specific national resource advantage . Many national governments are investing in developing a homegrown tech sector .
Efforts to establish a domestic technology industry provide CIOs with an opportunity for proactive engagement with governments . They must localize specific initiatives into countries that have the best integration between local expertise and access to government co-innovation support .
3 . Achieve necessary military capability
The growing digitalization of national military and security operations will limit the availability of some technologies within various countries . Enterprises and CIOs are impacted by the emerging sphere of cyberwarfare , as well as the digitalization of existing warfighting and security technologies .
Digital sovereignty will be a primary source of complex , dynamic and expanding compliance obligations for multinational enterprises .
24 INTELLIGENTCIO LATAM www . intelligentcio . com