Thierry Breton: European companies must be ones profiting from European data

MUNICH — The EU must ensure that Europes own companies are the ones capitalizing on data generated within its borders, and is working on measures to do this, according to the EUs top digital strategy official.

“My ambition is that European data will be used for European companies in priority, for us to create value in Europe,” Internal Market Commissioner Thierry Breton said Sunday during a speech at the DLD technology conference in Munich, filling in for Commission President Ursula von der Leyen, who had canceled her appearance to attend a peace conference in Berlin.

The EUs new political leadership, which took office last December, will also use its five-year mandate to push for clear and harmonized rules across the bloc, defining how companies can work with digital information, Breton added.

“You can count on me. I will be extremely clear on the rules that we will apply on companies and entities processing our data in Europe,” he said.

His announcement comes as the EU is set to kick off several initiatives aimed at boosting the blocs digital competitiveness, including a strategy for how to better share data across Europe as well as legislation for artificial intelligence technology. These measures are part of a broader push by von der Leyen to bolster the blocs “digital sovereignty.”

Referring to the rollout of fifth-generation mobile internet across Europe, Breton dismissed concerns that the Continent is lagging behind other regions worldwide and stressed that the new technology requires tougher security rules than previous generations.

“It is something new, its a new architecture,” he said, adding that within the next two weeks, Brussels would release “a toolbox” with guidelines spelling out how national governments can best manage and mitigate those security risks.

At the same time, Breton dismissed calls to exclude specific companies or manufacturers from the 5G rollout — such as Chinas telecom equipment-maker Huawei.

“We are welcoming everybody. We just want to be clear that for this specific deployment, we will have specific rules,” he said. “Everybody is welcome in Europe, but more and more, we will issue clear rules and everybody will have to fulfill all of these rules,” he added.

The former French finance minister, who worked as the CEO of FreRead More – Source