Impact of standards on market creation: Case of medical/healthcare robot HAL by Cyberdyne

• Advanced 1, Case Study 2

Innovations based on integration of cyber-physical space, for example artificial intelligence (AI), robotics, and the internet of things (IoT), are taken place and rapidly changing our lives. Rapid diffusion of emerging technologies can entail risks and uncertainties from a safety aspect and the governmental bodies had been managing such risks by means of regulation. Increasingly, it falls short on responding to new technologies, as the rate of change and degree of uncertainty augmented. These can pose challenges to government in dealing with disruptive innovation because such innovations often do not come under the existing product categories nor corresponding regulations.