I3-MARKET ‘Data Markets for Digital Sovereignty’. Takeaways and insights from the online event
- Key institutional policymakers and experts gathered to discuss the hindered potential of Europe’s data economy
- Representing i3-MARKET, Dr. Martin Serrano illustrated the benefits of i3-MARKET Marketplace(s) Support Tools, including the newly published Data Recommendation Pricing Tool
- Following EU efforts in fostering ‘data spaces’, i3-MARKET opensource software can help businesses and companies access, sell, and buy European data via secured channels
On the 27 of April, the i3-MARKET event on ‘Data Markets for Digital Sovereignty’ took place, hosted by project’s partner, the European DIGITAL SME Alliance.
It was an opportunity to gather high-level policymakers, experts and innovators to discuss the future of the European data economy.
The EU General Data Protection Regulation (GDPR) is the strongest privacy law in the world. Europe has taken over the leadership in privacy and data protection, with over 150 countries modelling their data privacy laws on the GDPR. Following this success, the EU has decided to include ‘data sharing’, ‘data spaces’ and ‘data marketplaces’ as new guiding frameworks for companies. The drive is to cooperate by sourcing, sharing and allowing data reuse, thus boosting digital value but never at the detriment of privacy and data subjects’ rights.
Following EU regulatory changes, stakeholders are now set in seizing the very same growing and fast pacing opportunities. Understanding these trends and their market’s impact. Identifying early opportunities and participating in data marketplaces initiatives is crucial for a steady company’s growth.
To this extent, i3-MARKET simplify the upscaling performance of businesses via its opensource software that integrates data markets, through APIs, allowing users to access, sell, and buy European data through common interfaces, secure contracts and trusted payments methods. The potential benefits of the software are several, and they include features such as increased revenue streams and enhanced innovation.