SESSION 01: Introduction to the Industry Sustainability Flashcards
What is Sustainability?
The practice of meeting current needs without compromising the ability of future generations to meet their own needs.
Sustainability means using resources today in a way that doesn’t harm the ability of future generations to use them too.
What are the 3 pillars of environment sustainability?
Environment
Economic
Social
What are the environmental responsibilities?
- Efficient use of natural resources.
- Reduction of carbon footprints.
- Promote recycling of electronic components.
- Responsible management of electronic waste.
- Initiative to design energy-efficient hardware.
What are Economic viabilities?
- Focus on profitability, cost-effectiveness & long-term financial viability.
- Investment in R&D for green technologies.
- Cost-saving measures through virtualization and cloud computing is reducing energy consumption and operational expenses.
What is Social equity?
Involves ensuring..
fair labor practices, promoting diversity and inclusion,
and enhancing access to technology and digital skills across communities.
What are the importance of Sustainability in IT?
- Resource efficiency
- To create positive impact to environment
- Corporate responsibility
- Regulatory compliance
What is Industry Law?
It encompasses the legal principles and regulations that..
governs economic sectors,
defining the rights,
responsibilities,
and interactions among businesses,
consumers,
and regulatory bodies..
within specific industries like information technology.
What are the importance of Industry Law in IT?
- Privacy and data protection
- Cybersecurity
- Intellectual properties
- E-Commerce and Digital Transactions
- Cybercrimes
What are the Key principles (Key components) and Concepts in Industry Law?
- Contract Law
- Intellectual property protection
- Cybersecurity regulations
- Data privacy laws
- Consumer protection
- Antitrust and Competition law
- International Standards and Compliance
What are the challenges in Industry laws?
- Need to adapt regulations to rapid technological advancements.
- Mitigate cybersecurity risks.
- Address the ethical implications of AI and automation.
- Necessity in continuous updates to keep pace with innovations.
- Necessity to address threats to protect digital infrastructure and sensitive information.
- The rise of AI and automation brings ethical dilemmas related to job displacement.
What are the future trends in Inustry law?
Cyber security and advanced data governance solutions to safeguard legal data.
Legal chatbot for client interaction :
Chatbots are becoming integral to client interaction and support within law firms.