Europe may have lost the battle to create digital champions capable of taking on...
PARIS - Europe may have lost the battle to create digital champions capable of taking on U.S. and Chinese companies harvesting personal data, but it can win the war of industrial data, Europe’s industry policy chief said on Saturday.
Alarmed by the dominance of U.S. and Chinese tech companies such as Google, Amazon or Huawei, the EU is leaving behind the “laissez-faire” attitude of the early 2000s and ratcheting up regulatory pressure to protect its businesses. Breton said the EU had a unique opportunity to win the next phase of the digital revolution centered on the harvesting, management and analysis of data from industrial fields such as factories, transport, energy and healthcare.
Reuters exclusively reported on Jan 29 a 25-page draft document outlining the measures to create a single market in data, that could still be tweaked ahead of the Feb. 19 presentation.
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