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European strategy for data: what MEPs want

Find out how MEPs want to shape the EU's rules for non-personal data sharing to boost innovation and the economy while protecting privacy.

Data is at the heart of the EU's digital transformation that is influencing all aspects of society and the economy. It is necessary for the development of artificial intelligence, which is one of the EU's priorities, and presents significant opportunities for innovation, recovery after the Covid-19 crisis and growth, for example in health and green technologies.

Read more about big data opportunities and challenges

Responding to the European Commission's European Strategy for Data, Parliament's industry, research and energy committee called for legislation focussed on people based on European values of privacy and transparency that will enable Europeans and EU-based companies to benefit from the potential of industrial and public data in a report adopted on 24 February 2021.

The benefits of an EU data economy

MEPs said that the crisis has shown the need for efficient data legislation that will support research and innovation. Large quantities of quality data, notably non-personal - industrial, public, and commercial - already exist in the EU and their full potential is yet to be explored. In the coming years, much more data will be generated. MEPs expect data legislation to help tap into this potential and make data available to European companies, including small and medium-sized enterprises, and researchers.

Enabling data flow between sectors and countries will help European businesses of all sizes to innovate and thrive in Europe and beyond and help establish the EU as a leader in the data economy.

The Commission projects that the data economy in the EU could grow from €301 billion in 2018 to €829 billion in 2025, with the number of data professionals rising from 5.7 to 10.9 million.

Europe's global competitors, such as the US and China, are innovating quickly and applying their ways of data access and use. To become a leader in the data economy, the EU should find a European way to unleash potential and set standards.

Click here for the full press release

 

Original article link: https://www.europarl.europa.eu/news/en/headlines/society/20210218STO98124/european-strategy-for-data-what-meps-want

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