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

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

Thursday, February 20, 2020, 12:33 PM

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. The plan proposed by the EU-executive is part of a digital market policy shake-up that also includes steps to rein in the data controlling powers of companies such as Google, Facebook and Amazon.
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