Digital disruption or transformation?

“Digital transformation is no longer an option but a necessity for companies of all kinds of business”. During a panel debate co-organised by GE and BusinessEurope on 12 December in Brussels, Markus J. Beyrer highlighted how one of the fundamental pillars of the digitalisation in Europe will be the development of our data economy. “The regulatory choices Europe will take in the coming months will be decisive for its success or failure”, added Beyrer. While data ownership issues do not seem to require legislative intervention for the time being, BusinessEurope sees the need for resolute EU action in order to ban existing and future data localisation requirements that can harm the single market.