Is the EU ready for the data economy?

The new year has come with some mixed news for the data economy. With the EU’s Data Governance Act (DGA) recently approved, the Digital Services and Markets Acts (DSA & DMA) at a developed stage of the legislative process, the EU is marching ahead in its ambition to create a strategy for a data economy.   

Whilst some may view these pieces of legislation as a step forward in promoting innovation for the benefit of society, others argue that the EU will not be able to balance tech sovereignty and data protection with open markets and free trade, especially for companies based in the USA. Is the industry prepared to manage these volumes of data? Are current business models ready for these new digital rules? What are the potential problems with data sharing and processing? Can the EU find a model to incentivise secure data sharing for companies? Are the EU, its companies, and its citizens, data-ready?

Speakers include:

• Vera Demary, PhD, Head of Digitisation Research at IW (IW) 
• Federico Milani, Deputy head of unit “Data Policy and Innovation” in DG CNECT, European Commission 
• Siada El Ramly, Director General of Dot Europe