Posts Under: general

General Data Protection Regulation (GDPR) Entry-Into-Force: Ten Suggestions From SIIA

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 ...