European Commission to launch first of a raft of proposals to help EU companies exploit their rich trove of industrial data
The European Commission will on Wednesday launch the first of a raft of proposals to help European companies exploit their rich trove of industrial data and at the same time rein in online giants Facebook Inc, Alphabet Inc's Google and Amazon.com Inc.
The core of the EU's data strategy is the creation of a single European data market and smaller data markets centered on key industries, according to a draft seen by Reuters last month. One of the possibly controversial proposals calls for doing away with EU competition rules against anti-competitive data sharing.
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