PARIS (Reuters) – Europe may have lost the battle to create digital champions capable of taking on U.S. and Chinese companies harvesting personal data, but it can win the war of industrial data, Europe’s industry policy chief said on Saturday.
FILE PHOTO: European Commissioner for the Internal Market Thierry Breton gestures as he communicates on the EU’s 5G plan in Brussels, Belgium January 29, 2020. REUTERS/Yves Herman
Vast troves of data from how fast we drive our cars to how much time a robot needs to churn out products in factories have yet to be fully exploited, said Thierry Breton, the European Commissioner in charge of the EU single market.
Alarmed by the dominance of U.S. and Chinese tech companies such as Google, Amazon or Huawei, the EU is leaving behind the “laissez-faire” attitude of the early 2000s and ratcheting up regulatory pressure to protect its businesses.
The new approach will be on display on Wednesday when Breton unveils the bloc’s new data and…
Source Reuters Tech News
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