Unique: Europe needs single knowledge market to interrupt U.S. tech giants’ dominance

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BRUSSELS (Reuters) – The European Union needs to create a single market in knowledge aimed toward difficult the dominance of tech giants corresponding to Fb, Google and Amazon, in response to a European Fee proposal seen by Reuters.

FILE PHOTO: The logos of cellular apps, Google, Amazon, Fb, Apple and Netflix, are displayed on a display on this illustration image taken December 3, 2019. REUTERS/Regis Duvignau/File Picture

The proposal, which incorporates reining in huge on-line platforms and will nonetheless be tweaked forward of their presentation on Feb. 19, underlines the EU’s willpower to interrupt U.S. tech giants’ stranglehold on huge troves of information and higher compete with Chinese language rivals.

“At the moment a small variety of huge tech companies maintain a big a part of the world’s knowledge. It is a main weak spot for data-driven companies to emerge, develop and innovate at this time, together with in Europe, however big alternatives lie forward,” a paper laying out the proposal stated.

The 25-page doc additionally underlined the urgency of the duty forward.

“Rivals corresponding to China and the U.S. are already innovating shortly and projecting their ideas of information entry and use throughout the globe,” it stated.

By capitalizing on Europe’s huge portions of commercial {and professional} knowledge and technological innovation, the bloc can surge forward, the doc stated.

“The winners of at this time is not going to essentially be the winners of tomorrow,” in response to the paper.

It stated the target is “to create a single European knowledge house, a real single marketplace for knowledge”.

Measures to realize that objective embrace an array of recent guidelines protecting cross-border knowledge use, knowledge interoperability and requirements associated to manufacturing, local weather change, the auto business, healthcare, monetary providers, agriculture and power.

Different guidelines within the coming months will open up extra public knowledge on geospatial, the setting, meteorology, statistics and firms’ knowledge throughout the bloc for corporations to make use of free of charge.

The doc additionally proposed scraping related competitors guidelines which hinder knowledge sharing and presumably introducing guidelines to forestall giant on-line platforms from unilaterally imposing situations for entry and use of information or benefiting in a disproportionate method.

The European Fee and an professional group arrange final yr to help it at the moment are wanting into the huge quantity of information collected by huge tech corporations and the way in which they use and share the info.

“On the idea of this reality discovering, the Fee will contemplate how finest to deal with extra systemic points, together with by ex ante regulation if applicable, to make sure that markets keep open and truthful,” the paper stated.

Reporting by Foo Yun Chee; Modifying by Tom Brown

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