IGF 2024 Day 0 Event #142 Navigating Innovation and Risk in the Digital Realm

In today’s rapidly evolving digital landscape, innovation serves as a catalyst for efficiency and growth and is a critical driver and a necessity for governments, businesses, and organisations to maintain competitiveness. Yet, with innovation comes inherent risks ranging from cybersecurity threats to ethical dilemmas. This session sheds light on risks accompanying innovation in the digital sphere and explores strategies and frameworks for harnessing innovation while managing and mitigating risks in the digital sphere. Topics: Understanding the Digital innovation landscape Exploring Risks in the Digital Sphere Strategies for Harnessing Digital Innovation Risk Management Frameworks Case Studies and Best Practices Approach: This session will adopt an interactive, hybrid and participatory approach, including: • Panel discussions featuring relevant stakeholders, sharing regional and global experiences. • Q&A to address audience queries and insights. • Polls and audience engagement activities to foster knowledge exchange. Key Takeaways: • A comprehensive understanding of the risks accompanying digital innovation. • Practical strategies and frameworks for effectively managing and mitigating these risks. • Insights from real-world case studies • A network of peers and experts for ongoing collaboration and learning in the digital innovation space. Questions: How can policymakers facilitate the establishment of collaborative platforms and knowledge sharing networks to enable ongoing learning and exchange of insights among peers and experts in the field of digital innovation and risk management? What incentives and support mechanisms can governments implement to encourage the adoption of practical risk management strategies and frameworks by businesses and organisations in the digital sphere? What are the primary risks and challenges associated with the quality, bias and security of AI training data and how do these factors impact the ethical deployment and effectiveness of AI systems?

The moderator will manage the follow of the discussion ensuring that both onsite and online participants have equal opportunities to contribute. The virtual meeting platform that supports live streaming, interactive features and communications will bridge he gap between remote and in-person attendees. Integrating polling tools to gather instant feedback from online and in-person participants during discussions