EUROPEAN COMMON DATA SPACES: A STRUCTURING INITIATIVE THAT IS NECESSARY AND ADAPTABLE TO
16 November 2023
2022): modernizes the framework for the protection of personal information in the private sector, and establishes • Data Governance Act rules for the development and implementation of artificial • introduces a series of horizontal intelligence : measures to stimulate the sharing of • Part 1 enacts the Consumer Privacy Protection Act to reliable data across the EU. [...] machinery in the pursuit The following two tables show some complementarity between the strategic of a common data sectors of "Building a Nation of Innovators", the ambitious growth plan to strategy, as is the case build a digital and sustainable economy, led by Innovation, Science and with the European Economic Development Canada (ISED) and the categories of data and Union and its twenty- informa. [...] alone joint action, leading to the Stakeholders continue to urge federal, provincial, and territorial (FPT) implementation of a governments to do more to remove barriers and strengthen trade in key sectors common data strategy of the economy, particularly given the impact of the pandemic on the Canadian between the various economy and the rise of protectionist sentiment around the world. [...] sharing between the This second part of the paper focuses on the implications and lessons learned public and private from the impact assessment supporting the adoption of data governance sectors, a concern that is legislation by the European institutions in four areas: the economic impact; the also central to the environmental impact; the added value of the initiative at EU level and its European. [...] According to a study conducted by the International Data Corporation (IDC) 37 for the European Commission, the value of the data economy, which measures the overall impact of the data market on the economy as a whole, exceeded the €400 billion threshold in 2019 for the European Union of 27 Member States (EU27) plus the United Kingdom, with growth of 7.6% over the previous year.