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Digital data is a strategic raw material, we need European control over it
๐Ÿ‡ธ๐Ÿ‡ฐ Slovakia /Technology

Digital data is a strategic raw material, we need European control over it

From SME · () Slovak

Translated from Slovak, summarized and contextualized by DistantNews.

At a glance

Analysis Sources not specified Context piece
  • Digital data is now considered a strategic raw material, necessitating European control.
  • Increased lobbying efforts by companies have accompanied the rise in regulatory attempts.
  • The article discusses the growing need for European oversight of digital data.

Digital data has emerged as a strategic raw material, prompting calls for enhanced European control over its management and utilization. The increasing recognition of data's value has spurred significant efforts by companies to influence regulatory landscapes through lobbying.

The article highlights a growing trend where companies are allocating substantial budgets towards lobbying activities. This surge in corporate influence is directly linked to the escalating attempts by various bodies to regulate the digital data sphere. The interplay between regulation and corporate lobbying suggests a complex battle over the future governance of digital information.

As digital data continues to permeate every aspect of modern life, from commerce to personal communication, the need for a cohesive European strategy becomes paramount. Ensuring that this valuable resource benefits European citizens and economies, rather than solely external interests, is a key challenge being addressed.

DistantNews Editorial

Originally published by SME in Slovak. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.