Politics
Briefing: €500 billion-worth European data economy troubles continue
Strategic angle: As AI grabs the spotlight, Europe’s data economy still powers billions in value, yet fragmented GDPR enforcement continues to hold innovators back.
editorial-staff
1 min read
Updated 5 days ago
The European data economy is currently valued at €500 billion, yet its potential is being stifled by fragmented enforcement of GDPR regulations across the continent.
The Digital Omnibus was introduced with the goal of supporting the data economy, but its effectiveness is undermined by the lack of cohesive regulatory frameworks.
As the EU contemplates necessary reforms, the risk of retreating from even modest improvements could further exacerbate the challenges faced by innovators in this vital sector.