The rapidly growing data economy presents an enormous opportunity for Europe to increase productivity and competitiveness. Public sector institutions alone could save more than €100 billion annually from increased use of data. Moreover, data-driven innovation will likely play a key role in addressing a wide array of the most important challenges facing Europe, from supporting an ageing population to improving domestic security to combating human trafficking.
While the data revolution is poised to unlock enormous economic value, create new opportunities for scientific discovery, and improve quality of life for hundreds of millions of Europeans, these advancements will only be possible if Europe embraces policies to support innovation in the data economy. In some areas, such as public commitments to building smart cities and adoption of open data policies, European nations are in the vanguard. However, other areas need more work.
Join ITIF's Center for Data Innovation at the inaugural event for its Brussels office where it will host a thoughtful discussion about the future of data policy in Europe, including opportunities to build and expand on successes to increase the use of data throughout the public and private sector. The event will be followed by a reception.