The benefits and harms of algorithms: a shared perspective from the four digital regulators

Note: This discussion paper is intended to foster debate and discussion among our stakeholders. It should not be taken as an indication of current or future policy by any of the member regulators of the Digital Regulation Cooperation Forum (DRCF).

Executive summary

Every day, we use a wide variety of automated systems that collect and process data. Such “algorithmic processing” is ubiquitous and often beneficial, underpinning many of the products and services we use in everyday life. From detecting fraudulent activity in financial services to connecting us with friends online or translating languages at the click of . . .