Sure, there are pages where just one team contributed, but it is very often that multiple teams will contribute to the content seen on a single page. Now, we could talk, of course, a lot about microfinance in general. But in this talk, I want to take a special subcase and that is microfinance in the context of regulated industries. So what are these regulated industries? They are a little bit different than, let's say, non-regulated industries in the sense that there are more strict rules to follow. As an example, in healthcare and pharmaceutical applications, you always have to get FDA approval and that requires you to follow a set of standards and also provide audits, for instance. Therefore, you can't just, let's say, publish whenever you want to. But for each, let's say, update that is not a critical hotfix, you will always need to go through the extra rounds to get everyone on board with that and have their proper authorities signing off on it. Likewise, industries like finance and banking or critical infrastructure, for instance, in energy and environment, but also food and agriculture are heavily regulated.
Now, what are these challenges that will await us when we create an application in those industries? So, first of all, as already mentioned, general regulatory, but also compliance regulations that you need to follow. As an example, for medical devices, FDA rules apply and medical devices are no longer restricted just to the hardware. The software is also really critical. So, for instance, FDA 21, CFR Part 11 is one example that could be mentioned here, which you need to, let's say, adhere in your application. Likewise, if you have an application in the automotive sector, you will need to follow things like ISO 26262, which is about automotive safety. And in there are a lot, of course, legal restrictions and rules and guidance that you need to follow and things that you need to provide as paperwork before going live. But safety assured, not everyone on the team needs to know these rules. It's just important that someone does. And this someone, of course, is then responsible for the whole application, which already is a little bit of a conflict, as you can already hear, with the independent nature of these micro-formats.
Now, we've heard automotive sector, likewise in aviation. We got some rules to follow. There are also some general rules which even non-regulated industries might conflict with you. For instance, GDPR rules or HIPAA rules, they might always come into conflict with you. Also there is the new EU Cyber Resilience Act, which might be something that you need to follow. And therefore, it touches you and you need to make sure that all your teams are on board with that and provide fragments following the guidance that is written in these documents. Another, and that's the last example in the sector, if you're creating an application for the critical infrastructure in Germany, what you need to have is you need to follow British V, and this British V also tells you what kind of security you need to implement in your application and what needs to be provided. Very often, penetration tests are mandatory for many of these regulations that are there. Now, many of these other things, they are fulfilled with the other challenge that we will face, which is documentation and audits. In order to provide the necessary paperwork to really see that you are compliant, you need to provide documentation.
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