Why ASIC’s Longo sees AI and machine learning as the new frontier

sees the rapidly evolving world, technology and data are going to be pivotal to how ASIC regulates business in the digital economy over the years ahead.“The world is dramatically changing all the time, driven by technology.“I don’t pretend to be a technology expert, I’m a lawyer. But part of my job is to challenge curiosity and focus on areas that I think are strategically significant.

Not only can technologies such as AI and machine learning help detect patterns to identify poor market behaviour, Longo believes they can make it easier for business and market participants to interact with ASIC.Longo understands the pressure on business related to technology advancement and investment.

“If we don’t get digital and technology right, then in the medium-to-long term it creates a very significant risk for ASIC, that it becomes a lot less effective and relevant,” Longo says. Longo and ASIC are developing a digital transformation strategy and will put a funding case to government.

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