An article from: Ardi Kolah via Smart Insights, June 16th 2015
“A couple of weeks’ ago the EU outlined its strategy to create a digital single market. The thrust of the proposals included establishing standard rules for buying goods online, pruning cross-border regulations on telecoms and reducing the tax burden on business. The plan also calls for a “comprehensive assessment” of whether Facebook, Google and other internet platforms distort competition (aside from posing significant data protection and privacy risks).
EU Commission President Claude Juncker has promised to transform the EU single market for the digital age by removing regulatory walls, moving away from 28 national markets to a single one and generating €415 bn ($468 bn) a year for the European economy as well as creating 3.8m new jobs.” – Ardi Kolah via Smart Insights, June 16th 2015
The digital single market is a great idea and a logical extension of everything the EU stands for regarding the free movement of finance, produce and people within the European Economic Area. Its just a shame that its practical implications are realistically speaking unworkable.
The fact is that this regulation has extended beyond the realms of what is practical or beneficial for the millions of global, European and UK businesses who rely on the utilisation of data for their daily activity.
But politics aside, this article from Ardi Kolah is a great read offering a view behind the purpose of the GDPR and the ambitions of those who crafted and shaped it.
He explores the principles which have driven this directive such as data rights and the desire for a digital single market and end to 28 differing data protection laws. Ardi also gives some practical advice on what companies can start doing to ensure they are prepared for deadline day come 2018.