The European Commission is planning a single European market for data, in hopes that by pooling talent, the region can compete with Big Tech in Silicon Valley and China, according to PYMNTS.com. Evolving data policies and regulation point towards a single market across Europe. Final proposals and feedback from stakeholders are expected by the end of this year, and control of data by the big tech firms like Facebook and Amazon will be limited. “The battle for industrial data starts now and Europe will be the main battlefield. Europe has the largest industrial base. The winners of today will not be the winners of tomorrow,” said EU industry chief. He also said that the plan’s cornerstone calls for the creation of a €2 billion EU cloud platform alliance. Other proposals would include directives governing use of data across borders and data interoperability.
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