Data economy

RETRANSMISSION: World's First Multilingual Big Data Terminology (20 Volumes) Launched in Guiyang, China

Retrieved on: 
Friday, June 25, 2021

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Key Points: 
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    Big Data Terminology is compiled by the Key Laboratory of Big Data Strategy, a new high-end think tank for big data development in China.
  • With a focus on the development in the global big data field, the series covers the nine categories of basics of big data, big data strategy, big data technology, big data economy, big data finance, big data governance, big data standards, big data security, and big data law.
  • The smart multilingual platform system, which consists of Big Data Terminology Cloud, Silk Road Big Data Terminology, Big Data Terminology Online, Big Data Terminology Guiyang Index, and Big Data Terminology Library, is designed to provide free big data knowledge services for people around the world.
  • Big Data Terminology is the innovative result of interdisciplinary, professional, and open research endeavors, and represents an original and forward-looking achievement in the field of big data and an important part of the efforts of the Key Laboratory of Big Data Strategy to promote standards setting on the basis of the big data terminology project, to build a theoretical system featuring the Digital Civilization Trilogy (Block Data, Data Rights Law, and Sovereignty Blockchain), and to foster a global communication system with the China Data Valley at the core.

EDPB & EDPS adopt joint opinion on the Data Governance Act (DGA)

Retrieved on: 
Thursday, March 11, 2021

The EDPB and EDPS adopted a joint opinion on the proposal for a Data Governance Act (DGA).

Key Points: 
  • The EDPB and EDPS adopted a joint opinion on the proposal for a Data Governance Act (DGA).
  • The DGA aims to foster the availability of data by increasing trust in data intermediaries [1]and by strengthening data-sharing mechanisms across the EU.
  • The EDPB and the EDPS acknowledge the legitimate objective of the DGA to improve the conditions for data sharing in the internal market.
  • At the same time, the protection of personal data is an essential and integral element for trust in the digital economy.
  • Andrea Jelinek, Chair of the EDPB, said: The EU's data protection legal framework does not stand in the way of developing the data economy.
  • Quite the contrary, it enables it: trust in any kind of data sharing can only be achieved by respecting existing data protection legislation.
  • Wojciech Wiewirowski, EDPS, said: We understand the growing importance of data for the economy and society as outlined in the European Data Strategy.
  • However, with big data comes big responsibility, therefore appropriate data protection safeguards must be put in place.
  • As for data altruism, the EDPB and the EDPS recommend that the DGA should better define the purposes of general interest of such data altruism.

Article - European strategy for data: what MEPs want

Retrieved on: 
Thursday, February 25, 2021

Data is at the heart of the EU's digital transformation that is influencing all aspects of society and the economy.

Key Points: 
  • Data is at the heart of the EU's digital transformation that is influencing all aspects of society and the economy.
  • Read more about big data opportunities and challenges Responding to the European Commission's European Strategy for Data, Parliament's industry, research and energy committee called for legislation focussed on people based on European values of privacy and transparency that will enable Europeans and EU-based companies to benefit from the potential of industrial and public data in a report adopted on 24 February 2021.

The benefits of an EU data economy

    • Large quantities of quality data, notably non-personal - industrial, public, and commercial - already exist in the EU and their full potential is yet to be explored.
    • Enabling data flow between sectors and countries will help European businesses of all sizes to innovate and thrive in Europe and beyond and help establish the EU as a leader in the data economy.
    • The Commission projects that the data economy in the EU could grow from 301 billion in 2018 to 829 billion in 2025, with the number of data professionals rising from 5.7 to 10.9 million.
    • To become a leader in the data economy, the EU should find a European way to unleash potential and set standards.

Rules to protect privacy, transparency and fundamental rights

    • MEPs said rules should be based on privacy, transparency and respect for fundamental rights.
    • The frree sharing of data must be limited to non-personal data or irreversibly anonymised data.
    • Individuals must be in full control of their data and be protected by EU data protection rules, notably the General Data Protection Regulation (GDPR).

European data spaces and big data infrastructure

    • Calling for the free flow of data to be the guiding principle, MEPs urged the Commission and EU countries to create sectoral data spaces that will enable the sharing of data while following common guidelines, legal requirements and protocols.
    • In light of the pandemic, MEPs said that special attention should be given to the Common European Health Data Space.
    • They warned that the digital divide between regions should be tackled to ensure equal possibilities, especially in light of the post-Covid recovery.

Environmental footprint of big data


    While data has the potential to support green technologies and the EU's goal to become climate neutral by 2050, the digital sector is responsible for more than 2% of global greenhouse gas emissions. As it grows, it must focus on lowering its carbon footprint and reducing E-waste, MEPs said.

EU data sharing legislation

    • The Commission presented a European strategy for data in February 2020.
    • Parliament is also working on a report on the Data Governance Act that the Commission presented in December 2020 as part of the strategy for data.
    • It aims to increase data availability and strengthen trust in data sharing and in intermediaries.

Quontic: Defining the culture of a truly digital bank | Business Chief North America

Retrieved on: 
Thursday, October 8, 2020

Business Chief is a 'Digital Community' that connects the world's largest brands and their most senior executives with the latest trends pivoting towards technology and digital transformation.

Key Points: 
  • Business Chief is a 'Digital Community' that connects the world's largest brands and their most senior executives with the latest trends pivoting towards technology and digital transformation.
  • Business Chief is a 'trusted authority' on the latest industry news combining 'Executive Thought Leadership Interviews' with the very latest case studies on Leadership & Digital Strategy, Corporate Finance, Technology and Human Capital.
  • BizClik Media Group is a UK-based media company with a global portfolio of leading industry, business and lifestyle digital communities.
  • BizClik Media also publishes the 'highly acclaimed' Business Chief Magazine community which features a global website portfolio plus individual business magazine editions for North America, APAC & EMEA.

Quontic: Defining the culture of a truly digital bank | Business Chief North America

Retrieved on: 
Thursday, October 8, 2020

Business Chief is a 'Digital Community' that connects the world's largest brands and their most senior executives with the latest trends pivoting towards technology and digital transformation.

Key Points: 
  • Business Chief is a 'Digital Community' that connects the world's largest brands and their most senior executives with the latest trends pivoting towards technology and digital transformation.
  • Business Chief is a 'trusted authority' on the latest industry news combining 'Executive Thought Leadership Interviews' with the very latest case studies on Leadership & Digital Strategy, Corporate Finance, Technology and Human Capital.
  • BizClik Media Group is a UK-based media company with a global portfolio of leading industry, business and lifestyle digital communities.
  • BizClik Media also publishes the 'highly acclaimed' Business Chief Magazine community which features a global website portfolio plus individual business magazine editions for North America, APAC & EMEA.

Three Ireland: digital transformation for the customer | Business Chief EMEA

Retrieved on: 
Thursday, October 8, 2020

Business Chief is a 'Digital Community' that connects the world's largest brands and their most senior executives with the latest trends pivoting towards technology and digital transformation.

Key Points: 
  • Business Chief is a 'Digital Community' that connects the world's largest brands and their most senior executives with the latest trends pivoting towards technology and digital transformation.
  • Business Chief is a 'trusted authority' on the latest industry news combining 'Executive Thought Leadership Interviews' with the very latest case studies on Leadership & Digital Strategy, Corporate Finance, Technology and Human Capital.
  • BizClik Media Group is a UK-based media company with a global portfolio of leading industry, business and lifestyle digital communities.
  • BizClik Media also publishes the 'highly acclaimed' Business Chief Magazine community which features a global website portfolio plus individual business magazine editions for North America, APAC & EMEA.

Three Ireland: digital transformation for the customer | Business Chief EMEA

Retrieved on: 
Thursday, October 8, 2020

Business Chief is a 'Digital Community' that connects the world's largest brands and their most senior executives with the latest trends pivoting towards technology and digital transformation.

Key Points: 
  • Business Chief is a 'Digital Community' that connects the world's largest brands and their most senior executives with the latest trends pivoting towards technology and digital transformation.
  • Business Chief is a 'trusted authority' on the latest industry news combining 'Executive Thought Leadership Interviews' with the very latest case studies on Leadership & Digital Strategy, Corporate Finance, Technology and Human Capital.
  • BizClik Media Group is a UK-based media company with a global portfolio of leading industry, business and lifestyle digital communities.
  • BizClik Media also publishes the 'highly acclaimed' Business Chief Magazine community which features a global website portfolio plus individual business magazine editions for North America, APAC & EMEA.

EEI Corporation: Digital transformation in construction | Business Chief APAC

Retrieved on: 
Thursday, October 8, 2020

Business Chief is a 'Digital Community' that connects the world's largest brands and their most senior executives with the latest trends pivoting towards technology and digital transformation.

Key Points: 
  • Business Chief is a 'Digital Community' that connects the world's largest brands and their most senior executives with the latest trends pivoting towards technology and digital transformation.
  • Business Chief is a 'trusted authority' on the latest industry news combining 'Executive Thought Leadership Interviews' with the very latest case studies on Leadership & Digital Strategy, Corporate Finance, Technology and Human Capital.
  • BizClik Media Group is a UK-based media company with a global portfolio of leading industry, business and lifestyle digital communities.
  • BizClik Media also publishes the 'highly acclaimed' Business Chief Magazine community which features a global website portfolio plus individual business magazine editions for North America, APAC & EMEA.

EEI Corporation: Digital transformation in construction | Business Chief APAC

Retrieved on: 
Thursday, October 8, 2020

Business Chief is a 'Digital Community' that connects the world's largest brands and their most senior executives with the latest trends pivoting towards technology and digital transformation.

Key Points: 
  • Business Chief is a 'Digital Community' that connects the world's largest brands and their most senior executives with the latest trends pivoting towards technology and digital transformation.
  • Business Chief is a 'trusted authority' on the latest industry news combining 'Executive Thought Leadership Interviews' with the very latest case studies on Leadership & Digital Strategy, Corporate Finance, Technology and Human Capital.
  • BizClik Media Group is a UK-based media company with a global portfolio of leading industry, business and lifestyle digital communities.
  • BizClik Media also publishes the 'highly acclaimed' Business Chief Magazine community which features a global website portfolio plus individual business magazine editions for North America, APAC & EMEA.