How Can the EU’s Digital Markets Act Unlock the Power of Data?

The European Commission released the Digital Markets Act (DMA) in December, a proposal to impose a set of obligations and prohibitions on a select group of large online platforms that the Commission designates as “gatekeepers.” This list of “dos” and “don’ts” is based on current or pending antitrust cases, and some of them would impose data-sharing and interoperability requirements on firms which could stifle competition, harm innovation, and reduce privacy in these highly dynamic markets due to asymmetric obligations, disclosure requirements, free-riding risks, and data sharing requirements.

ITIF's Center for Data Innovation hosted a discussion about what the digital sector needs to unlock the power of data while spurring competition and innovation.

Watch on the Center for Data Innovation's website.