Home Events How Can the EU’s Digital Markets Act Unlock the Power of Data?

How Can the EU’s Digital Markets Act Unlock the Power of Data?

by Christophe Carugati

The European Commission released the Digital Markets Act (DMA) in December, a proposal to impose a set of obligations and prohibitions on a select group of large online platforms that the Commission designates as “gatekeepers.” This list of “dos” and “don’ts” is based on current or pending antitrust cases, and some of them would impose data-sharing and interoperability requirements on firms which could stifle competition, harm innovation, and reduce privacy in these highly dynamic markets due to asymmetric obligations, disclosure requirements, free-riding risks, and data sharing requirements.

How can the Commission unlock the power of data without undermining competition, innovation, and privacy in digital markets? Which data should be subject to data-sharing obligations and prohibitions? Is there another way to ensure fair data access while encouraging investments in collecting and processing data? And more broadly, how should the EU work with its member states and global allies to ensure a coherent global digital economy landscape for the benefit of consumers and businesses?

The Center for Data Innovation hosted a discussion on what the digital sector needs to unlock the power of data while spurring competition and innovation.

Speakers:

  • Thomas Kramler, Head of Unit Antitrust: E-commerce and data economy, DG COMP
  • Phillip Malloch, Director for Economic Policy, Facebook
  • Andreas Schwab, MEP, Committee on the Internal Market and Consumer Protection, rapporteur of the DMA
  • Karina Stan, Developers Alliance, Director of EU Policy
  • Marshall Van Alstyne, Questrom Chair Professor, Boston University
  • Christophe Carugati, Senior Policy Analyst, Center for Data Innovation (moderator)

Follow @DataInnovation.

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