November 25, 2020

By Marine Strauss

BRUSSELS (Reuters) – In an work to keep away from EU firms and citizens relying on information from Asian and U.S rivals, the European Fee is proposing new procedures to let sharing of community and individual data with firms and investigate organisations.

The European Union govt hopes that this could direct to enhancements ranging from personalised wellness treatments, to improved tackling local weather change or developing precision farming approaches.

“Data need to be accessible and the sharing of this sort of info must be secure,” European Commission Vice-President Margrethe Vestager instructed a news briefing on Wednesday.

The Fee proposed a new design dependent on the neutrality and transparency of so-known as “data intermediaries,” which would organise facts sharing or pooling, to enhance rely on.

“For data to flow into, we need to have (people today) to have self-confidence,” EU sector main Thierry Breton stated.

This follows a broader information system by the Commission in February to make a solitary European facts industry, hoping that pooling industrial skills will aid make technologies firms to rival Silicon Valley and point out-backed Chinese heavyweights.

Owning lagged the very first wave of digital innovation, specially in purchaser markets this kind of as social media, on-line buying and smartphones, the EU sees alone in a battle for industrial details and its prospective.

Having said that, EU bodies will be matter to rigid demands this sort of as not currently being able to promote the info to an additional corporation or to use it to build their have product primarily based.

The EU reported the new measures could increase the once-a-year financial worth of info sharing from 7 billion euros ($8.33 billion) up to 11 billion euros by 2028.

($1 = .8407 euros)

(Reporting by Marine Strauss @StraussMarine, Enhancing by Robin Emmott and Alexander Smith)

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