Manila, 28 July 2022 - In its fourth year, Baker McKenzie's TMT Looking Ahead report continues to focus on key trends and developments affecting the sector in 2022 and beyond. We are delighted to launch the last report in a five-part series, TMT Looking Ahead 2022: TMT Industry as the Driver of Change.
TMT companies are the first to face and develop innovative solutions to meet the increasingly sophisticated regulation of key technologies they develop. As such, they have a unique opportunity to drive many areas, including around the data strategies aligned to Inclusion & Diversity (I&D) and will shape the future of remote work and due diligence requirements for supply chains. In the face of tangled data regulations and their obligations as stewards of data means a focus on data ethics. TMT companies will also continue to develop and support innovative technologies to access and store renewable energy.
As we look ahead:
- TMT companies have a unique opportunity to develop and support innovative technologies to access and store renewable energy and accelerate the transition to net zero
- Data collection and companies’ strategies in analyzing and utilizing data will drive how I&D goals are measured and met
- Employers are expected to keep a closer eye on how remote work affects a company’s bottom line as employees increasingly have the ability to return to in-person work
- TMT companies should prepare for deepening due diligence requirements in their global supply chains covering areas such as worker conditions, sustainability practices and data protection