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EU mulling a ‘single data market’ to challenge big tech firms’ dominance on data: Report

The European Commission is considering measures such as opening-up more public data, and scrapping rules that hinder data sharing within the bloc, in order to create a single European data space, a genuine single market for data,” Reuters reported. The Commission is expected to present a 25-page report outlining these measures on February 19, it said. These proposals reportedly aim to capitalise on "Europe’s vast quantities" of industrial and professional data and technological innovation and strives “to create a single European data space, a genuine single market for data". The document said that a handful of big tech firms hold a large part of the world's data, which is a deterrent to data-driven businesses to emerge and expand, Reuters said. "By capitalising on Europe’s vast quantities of industrial and professional data and technological innovation, the bloc can surge ahead," the document reportedly said.…

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