As part of its Digital Single Market strategy, the European Commission has proposed a Communication on 10 January outlining policy and legal solutions that will unleash the EU’s data economy. Initial reactions by industry showed disappointment with the Communication across many sectors.
What does the new Communication add to the ongoing controversial debate on data? Will the Communication suffice to help double the value of the EU’s data economy to €643 billion (3.17% of EU GDP) by 2020? What are the next steps? How should concerns over data privacy and the free flow of data be addressed?
This snapshot looks into the potential of the EU’s data economy and provides an overview of the Communication.
Vladimir Beroun is Senior Consultant in FTI Consulting’s TMT team in Brussels.