At the heart of smart regulation is the use of big data and analytics. Traditional regulatory approaches often rely on static rules and manual oversight, which can lead to inefficiencies and slow responses to emerging challenges. In contrast, smart regulators harness data from multiple sources—ranging from social media to IoT devices—to gain real-time insights into activities within their jurisdictions. This data-driven approach allows regulators to identify trends, anticipate issues before they escalate, and implement timely interventions.
