The European Commission adopted a Communication on building a European data economy on 10 January 2017, based on the conclusions of the Communication on data-driven economy (2014).
This Communication and the accompanying Staff Working Document address issues on free flow of data/data localisation. They also look into emerging legal issues in the context of new data technologies (e.g. access, liability, portability). These legal issues include:
On the basis of these documents, the Commission is organising a dialogue with stakeholders, including a public consultation. This will help identify policy measures that would unleash Europe's data economy in a Digital Single Market.
The EU data economy was valued at €272 billion in 2015 (year-on-year growth of 5.6% according to the European data market study). This global trend holds enormous potential and opportunities in various fields which Europe cannot afford to miss like health, food security, climate and resource efficiency to energy, intelligent transport systems and smart cities.
The Communication on "Towards a thriving data-driven economy" was adopted in July 2014 and relied on a coordinated action plan involving Member States and the EU so as to guarantee the necessary scope and scale of the activities. The envisaged actions aimed at accelerating innovation, productivity growth, and increasing competitiveness in data across the whole economy, as well as on the global market with Europe as a key player.
To be able to seize these opportunities and compete globally in the data economy, the EU took action in the following fields:
The two Communications adopted in 2014 and 2017 built upon the ideas first formulated by Commission former Vice-President Neelie Kroes in a strategic initiative on the data value chain, which was launched in November 2013. This initiative focused on nurturing a coherent European data ecosystem that will stimulate research and innovation around data and the uptake of data services and products. One of the key features is the creation of a public-private partnership (PPP) on data.