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Jan Büchel / Barbara Engels in European Liberal Forum External Publication 4. July 2022 The Importance of the Data Economy for Europe’s Digital Strategic Autonomy

European companies need to have the ability to store, process, use, and share data securely and autonomously, for example by using cloud services based on agreed quality standards, values, and legislation.

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The Importance of the Data Economy for Europe’s Digital Strategic Autonomy
Jan Büchel / Barbara Engels in European Liberal Forum External Publication 4. July 2022

The Importance of the Data Economy for Europe’s Digital Strategic Autonomy

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German Economic Institute (IW) German Economic Institute (IW)

European companies need to have the ability to store, process, use, and share data securely and autonomously, for example by using cloud services based on agreed quality standards, values, and legislation.

A survey conducted in autumn 2021 of 1,002 German companies from the industrial and industry-related services sectors shows that 71 per cent of companies in Germany are not data economy ready, while for 73 per cent data sharing does not play any role. The survey results show that the potential of the European data economy has not been well exploited, weakening Europe’s digital strategic autonomy.

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The Importance of the Data Economy for Europe’s Digital Strategic Autonomy
Jan Büchel / Barbara Engels in European Liberal Forum External Publication 4. July 2022

The Importance of the Data Economy for Europe’s Digital Strategic Autonomy

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German Economic Institute (IW) German Economic Institute (IW)

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Status Quo and Use Cases in Germany
Jan Büchel / Barbara Engels IW-Report No. 53 20. October 2022

Industry trends in data sharing: Status Quo and Use Cases in Germany

Data is generated everywhere along the value chain. Each player produces data specifically or as a by-product at various points in the production process. This data can offer significant benefits for the companies themselves and for the economy as a whole.

IW

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Vera Demary IW-Policy Paper No. 2 16. May 2022

The Data Act: The framework companies really need for data sharing

On February 23, 2022, the European Commission presented a proposal for the Data Act. This regulation is intended to regulate access to and use of data in the European Union in the future.

IW

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