Challenges in Data-Driven Innovation Toward European Digital Single Market: An Abstract
In May 2015, the European Commission adopted a Digital Single Market Strategy (2015), which identifies Europe as a potential leader in the global digital economy. If EU fragmentation and barriers are removed, Digital Single Market (DSM) could contribute an additional €415 billion to European GDP. Further, the Digital Single Market could create opportunities for new start-ups, and business can develop and create value for the 500 million consumers.
The European Digital Single Market (DSM) has three policy areas: (1) access to digital goods and services, (2) conditions for digital networks and innovative services, and (3) digital as a driver for growth (https://ec.europa.eu/digital-single-market/en/digital-single-market). In all these areas, data-driven services are an essential part of DSM.
Inequality within EU
Legislative gap with respect to digital content and data
Trust in a digital single market (in regard to data)
Privacy and security of digital software and systems
Defining and understanding these challenges are vital to overcome obstacles hindering Digital Single Market goals.