As explained in our previous blog, the European Commission is working on a legislative proposal to ensure European businesses, consumers and governments fully benefit from the free flow of data and are empowered to make better-informed decisions. This initiative, known as the Data Act, will not only regulate data sharing among companies (business-to-business, B2B), but will also specify in which cases and under which conditions companies must share data with governments (business-to-government, B2G). This blog analyses the EU’s plans for the B2G data sharing and identifies outstanding issues for businesses.
In 2025, the value of the data economy in the European Union will be comparable to the GDP of the Netherlands. The actual impact that data will have on European economies and societies, however, will depend as much on technological advancements as on the rules that will govern data use and data sharing. In February 2022, the European Commission is expected to publish a proposal for a Regulation to facilitate data sharing and use between companies (business-to-business, or B2B) and between businesses and governments (business-to-government, or B2G). Known as the Data Act, this long-awaited initiative will have far-reaching impacts on companies, the public sector, and consumers. In this two-part series, we look at what issues the Data Act should address to harness the value of data while ensuring innovation, property rights, and privacy. This blog focuses on business-to-business data-sharing.
The European Union is working on a new regulatory framework for artificial intelligence that seeks to ensure better consumer protection, while enhancing Europe’s technological competitiveness. The risk is for it to become but a duplication of already-existing practices and regulations.
Data portability rules in GDPR do very little to alter the balance of power in the digital economy. Could a shift to an economy based on data mobility give individuals true control over their personal data, tackle antitrust concerns around big tech, and strengthen workers in the gig economy?