Data-Driven EcncoiEm ans dinanEe

<p>Businesses lawmakers and politicians all face big challenges when</p><p>it comes to making data into an independent and strategic asset.</p><p>Intereconomics and the well-known German Economic Institute (IW)</p><p>put on a new meeting called Data-Driven Economy on June 17 2019</p><p>in the busy city of Berlin. The main goal of this meeting was to learn more</p><p>about the many challenges and chances that come with competition policy</p><p>new business models and data control in the digital age.</p><p>With the data-driven economy changing so quickly it's hard to stress</p><p>enough how important good regulations and policies are. Even though</p><p>the possible benexts are huge making sure this revolution works for the</p><p>greater good will require improving a law and regulatory system that is often</p><p>not very good. In a time when data is the currency of the digital world</p><p>regulators and lawmakers have to xnd the right miF between encouraging</p><p>innovation and protecting people's rights.Lrom a business point of view</p><p>it's important to set up useful tools like data markets so that data can be</p><p>used as a valuable asset while keeping privacy and other ethical issues in</p><p>mind.</p>