The objective of the policy is increasing the creation of social and economic value through the digital transformation of the public sector and the private sector, through the reduction of barriers, the strengthening of human capital and the development of enabling conditions, so that Colombia can take advantage of opportunities and face the 4IR related challenges. Colombia has adopted a smart regulation approach as a way to overcome this impasse, protecting Colombians without generating regulations that hinder economic development. The country has implemented the smart regulation approach through regulatory sandboxes and innovation hubs, which promote innovation and economic dynamism while overcoming information asymmetries and protecting users’ privacy.