Under: European Union
Tomorrow is May 25 and therefore the entry-into-force of the GDPR. The European Commission views the GDPR as one of its significant Digital Single Market (DSM) achievements. The Commission estimates that the DSM could add Euros 415 billion a year to EU GDP and add hundreds of thousands of jobs (see also this document on the economic impact of the DSM). There is no Commission calculation on what contribution the GDPR would make to this overall DSM estimate (it does say that GDPR will save business some money – see below), but the Commission argues that the GDPR will enhance trust in the digital economy and therefore promote the expansion of Europe’s digital economy.
As somebody who has spent a significant portion of the last year on counselling member companies on the GDPR, the immediate compliance burden looms larger than the possible innovation opportunity. Nonetheless, there is still scope for European regulators and policymakers to interpret an ...
With just over a week until the European Union’s (EU) General Data Protection Regulation (GDPR) goes into effect, companies around the world are coming into compliance with the far-reaching law. Inboxes everywhere have been overflowing with consent notifications over the past few months. If you’re just getting started on GDPR or generally curious, here is a brief overview of the GDPR.
Disclaimer – GDPR is broadly written and is context-specific. If your company is in need of compliance help, consider engaging with an outside firm to address your compliance needs.
Readers of this blog will know that the SIIA and Thomson Reuters-supported Atlantic Council study: Into the Clouds: European SMEs and the Digital Age” was released on October 10 at Aspen Berlin/Germany on October 10. We followed up in Brussels on October 12 with a lively DIGITALEUROPE workshop and a well-attended Transatlantic Policy Network dinner. In addition, I met with German and European Commission officials this week. A few takeaways from these events and meetings follow.
Cloud adoption rates are variable in Europe and surprisingly low in Germany. Low adoption in Germany derives in part from continuing surveillance concerns but is perhaps equally caused by a preference for in-house solutions, even by SMEs. Localization of data in-country remains a preference of many German companies and cloud providers increasingly provide that option to their customers who are evidently willing to pay a premium for that service.
The Commissi ...
Those of you who read SIIA blogs, statements, and testimony know that we are big proponents of data-driven innovation. For such innovation to achieve its full potential, cross-border data flows are essential. That is why we support Trans-Pacific Partnership (TPP) digital provisions so strongly and consider them a floor for additional digital provisions in the Transatlantic Trade and Investment Partnership (TTIP) and Trade in Services Agreement (TISA). We support interoperability mechanisms such as the EU-US Privacy Shield that allow companies to transfer data from one jurisdiction to another as long as they comply with the rules established in the mechanism. This has nothing to do with undermining societal values such as privacy and everything to do with creating law-based data transfer mechanisms as we demonstrated at an October 9, 2015 Geneva event for TISA negotiators.
We are strong supporters of the EU-US Privacy Shield because it has the potential, ...
On December 4, 2015 DIGITALEUROPE hosted a workshop with the European Center for International Political (ECIPE) and SIIA on a recent ECIPE report written by Erik van der Marel. Van der Marel explains the importance of “complementary policy” in unleashing greater productivity growth resulting from the use of Information and Communications Technology (ICT) in the EU. By complementary policy, ECIPE means especially trade freedom, product market regulations, non-resident patent filings, general property rights protection, the strength of legal rights in general, R&D spending (particularly from abroad), and a number of other factors. The special importance of trade openness (including data flows), investment openness (R&D investments and patent applications financed from abroad), and intellectual property rights (IPRs) is no surprise to SIIA. Policymakers should review Van der Marel’s document carefully.