EU bets on industrial data, new rules to catch up in global tech

BRUSSELS - The European Commission plans to create a single European market for data, hoping that pooling the region’s deep industrial expertise will help build technology powerhouses to catch up with Silicon Valley and state-backed Chinese heavyweights.

It is hoping that tapping into the trove of industrial data held by companies such as Germany’s Siemens and France’s Alstom could push Europe to the forefront of the next wave of innovation as machines and industrial processes are connected up via the so-called “internet of things”. Alongside the single European data market, the Commission plans to create smaller data markets centered on key industries, it said. A final draft of its proposals, following feedback from interested parties, is expected by the end of the year.

One possibly controversial proposal calls for doing away with EU rules against anti-competitive data sharing.In response to complaints about the power wielded by large online platforms, the Commission is also considering introducing rules to stop these companies from unilaterally imposing conditions for access and use of data or benefiting from this in a disproportionate way.

A discussion paper on artificial intelligence also aims to set up a framework to govern the use of the technology used by a growing number of companies, with the rules applying to high-risk sectors such as healthcare, transport and policing.

that's Great But Not enough, let's not forget to Build that Wall Too .

COMPETITION & TECHNOLOGY: The EU decision to enter the HIGH-TECH technological market reveals their aspiration to produce & compete in the global market.

Unlikely with an anti tech EU

A centralised strategy that will do it!

ahahhahaha!

Morning Geeks 😎 🇫🇷 Are the EU to resurrect France’s internet plans?

It's not too late for EU to but they need a really aggressive strategy if they want to catch up

And Great Britain... oh

Shouldn't be hard to just steal the ideas of American start-ups and tax the shit out of them when they come to eu . UK used to apply but we'll be all picking strawberries. Good job leavers

A bit late now, the ship as already sailed.

Does it involve lowering government regulations and hurdles to business and reducing the beureocratic state? No? Then it's useless.

Lol, computers, rocket science, orbital mechanics technology stolen from UK and Germany after WW2. Operation paperclip 📎

Dang. You missed that boat UK...

Insert a gif here of the happy days milk bark owner laughing loudly 'BAHAHAHAHAHAHAHA'

Never going to happen.

This is a great example of how socialist policies can stifle innovation.

A little late to the party.

Data Data Data ... Data base = Al Qaeda

“Before them fire devours, behind them a flame blazes. Before them the land is like the garden of Eden, behind them, a desert waste— nothing escapes them.” -Joel 2:3 (NIV)

It is all about protecting European market share.

They should be careful next time they need the yank may sayNO

The reason America succeeds: civil liberties, capitalism, support of and reward of their best talent. If the EU doesn't provide this, you will just become like Canada. A laggard, lacking liberty or innovation. Stop with the central planning and just let the free market reign.

So Europe wants to play tax wars eh?

wasn't GDPR it?

The EU is becomimg more irrelevant by the day.

EU has its weaknesses.... and diplomatic loopholes better focus on post-brexit and sort the Balkans first ONLY then talk businesses with Us

Can't be TOO successful.

The EU unveiled a plan to rein in US tech giants Which is NOT what caused France to fall for the European bailout.

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