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HL Chronicle of Data Protection Privacy & Information Security News & Trends

Tag Archives: data economy

Posted in International/EU Privacy

DSM Watch: European Commission’s Data Package Explores Data Ownership, Localization, Liability and Portability, Highlighting Tensions with GDPR

On January 10, 2017, the European Commission released a Communication, a fact sheet, a working document and a public consultation relating to Europe’s “data economy”. The fact sheet states that “data is a new type of economic asset”, which is essential for innovation and growth. The Commission’s objective is to remove “unjustified restrictions” and “legal uncertainties” in order to facilitate data sharing and innovation.