Ethical principles governing emerging tech are lacking in most organizations

The entrepreneurial disruption phase of "move fast and break things" is being replaced with a mantra of "move fast and keep up" when it comes to applying ethical frameworks and leading practices to emerging technologies, according to a new study by Deloitte. The firm's first-ever State of Ethics and Trust in Technology annual report defines emerging technologies, identifies trustworthy and ethical standards, explains different approaches to operationalizing standards, and encourages actions that can be taken in the short term. Many companies want to be on the cutting edge of emerging technologies to stay competitive and gain benefits such as improved customer experience, operational efficiencies and newly-enabled use cases, according to Deloitte. "But these technologies are often being developed at such breakneck speeds that few companies are pausing to consider the ethical implications,'' the report noted. "With great power comes great responsibility.