In comments to the Joint Committee of the European Supervisory Authorities, ITIF’s Center for Data Innovation welcomed a recent discussion paper, which presents a largely accurate view of the benefits of big data in the financial sector.
To support the single market, the European Union should remove legal obstacles to data flows within the EU and relax the rules in the General Data Protection Regulation governing transfers to non-EU countries, writes Nick Wallace in EU Reporter.
Data-rich companies are not a threat to competition, but rather an important source of innovation, which policymakers should encourage, not limit.
A trade association representing privacy specialists estimates that businesses around the world will have to appoint at least 75,000 data protection officers to help them comply with the many complex requirements of the EU’s incoming General Data Protection Regulation. Filling these positions will be costly and difficult, and it will divert money away from investments that would create more productive jobs and benefit customers through lower prices and better product features—including privacy-enhancing ones—says Nick Wallace in City A.M.
Due to unwarranted concerns about privacy, policymakers have restricted the data vehicles will share with emergency services even though additional information could further improve safety without impacting privacy or raising costs, writes Nick Wallace in EurActiv.
While fraud prevention is important, data-driven approaches offer far more sophisticated measures to address this goal than the European Banking Authority’s recently proposed rules, writes Nick Wallace in Banking Technology.
The difficulty of identifying fake news combined with threats of fines would impose significant costs on social media companies, particularly startups, and likely result in the removal of legitimate articles, such as satirical pieces, write Nick Wallace and Alan McQuinn in The Local.
France's attempt to force Google to expand the country's “right to be forgotten” rules to all users worldwide would interfere with other nations' sovereignty, write Alan McQuinn and Daniel Castro in Computerworld.
Between 2004 and 2012, employment in Spanish firms that released novel products into the market grew 1.5 percentage points faster than firms not engaged in product innovation, writes John Wu in Innovation Files.
French manufacturing firms located in more densely populated areas are 6.5 percent more productive than those located in less densely populated areas, writes John Wu in Innovation Files.
A new paper from the Center for European Economic Research finds that innovation leads to more jobs, not fewer, writes John Wu in Innovation Files.
If German firms more provided its workers mobile Internet access, they could increase productivity by 15 percent, writes John Wu in Innovation Files.
Join ITIF's Center for Data Innovation for a panel discussion on the strategies countries are using to support the Internet of Things, the early European successes with this technology, and the opportunities for policymakers in the EU and member states to support the development and deployment of smart technologies.
Businesses in the European Union lag U.S. businesses not just in the amount they invest in R&D, but also in their capabilities to transform these investments into productivity gains, writes John Wu in Innovation Files.
Stephen Ezell presented on the impact of digitialization and robotitization at the OECD’s "The Next Production Revolution" conference in Stockholm, Sweden on November 18, 2016.
Google today responded to concerns that EU antitrust regulators lodged in April about the company's businesses practices related to the Android mobile operating system. None of the concerns are valid, says Daniel Castro in Innovation Files.
From 1997 to 2001, about 45 percent of Norwegian non-oil manufacturing growth can be explained by reallocation effects--when more-productive firms progressively gain larger shares of the market at the expense of less-productive ones, writes John Wu in Innovation Files.
In a presentation to European Parliament, Rob Atkinson explained that Europe and the U.S. both invent at the same rate, but the major difference between their tech ecosystems is that the U.S. innovates more and scales faster.
The EU should allow everyone to take advantage of more efficient and effective data-driven research methods, writes Nick Wallace in EU Observer.
Europe faces some daunting challenges—an aging population, sluggish growth, an influx of migrants and refugees—yet in the age of data-driven innovation, it also has powerful new tools to help address them, writes Nick Wallace in EurActiv.
Data-driven innovations can help tackle pressing social challenges in Europe if policymakers break down regulatory barriers and devote more resources to bridge digital inequalities, according to a new report from ITIF's Center for Data Innovation.
Data-driven innovations have the power to address some of the most pressing social challenges in Europe by better informing policy and program design, improving service delivery, and spurring social innovations.
The European Commission should repeal its "cookies law” because it’s expensive for online businesses and a burden for Internet users, write Alan McQuinn and Daniel Castro in EurActiv.
A high-standard Trade in Services Agreement can update the rules governing services trade for the digital age, and in doing so, provide economy-wide improvements in productivity and innovation.
Timely access to information is crucial for informed decisionmaking, but official government statistics are often months or years old by the time they are published. In addition, government statistics can be expensive to produce, burdensome on respondents, and sometimes even inaccurate or imprecise—all factors which limit their usefulness to policymakers, businesses, and others. To address this problem, some researchers are experimenting with using alternative data sources to complement or replace traditional government statistics.