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.
In March, the European Commission presented its strategy for a digital transformation of Europe: the 2030 Digital Compass. Recognising that the pandemic has exposed the vulnerabilities of Europe’s digital space and its dependence on non-European technologies, the Compass defines some bold objectives to strengthen the European digital economy. However, there are many challenges to overcome.
As Europe begins the year in a state of relative stability with the EU Commission firmly in place as well as new governments in the UK and Spain, all eyes are on how policymakers will now respond to popular demand for changes to our liberal order. The tech sector could be in for a rough ride.