Today the Internet is the backbone of our Digital Economy. The benefits and opportunities that the Internet has created or enabled include: unlimited access to information and services; unprecedented networking opportunities; and transformation of business, finance and government.
But, like all new technology, the Internet is open to abuse, and we are increasingly seeing the costs and dangers associated with the Net’s darker side: ‘fake news’, hate speech, disinformation and cybercrime; social media being used to manipulate opinion / sow division; and personal information being compromised and exploited. And there’s been an abject failure to regulate the big tech companies and the ‘surveillance capitalism’ on which they thrive.
For better or for worse, the Internet is here to stay: it is a vast, largely unregulated system which is continually evolving and throwing up new challenges. With current knowledge it is impossible to balance the benefits and opportunities against the costs and dangers. This is in effect an ongoing social experiment.