Digital Single Market Strategy – Pillar 3 (Communication)
EU Commission President Jean-Claude Juncker has declared that the completion of a Digital Single Market is one of the priorities of his period of office. With the Digital Single Market Strategy, the Commission wants to make the EU the leader of the digital economy. A central pillar of this strategy is the building of a "data economy" (Big Data, cloud services, Internet of Things).
Restrictions on the cross-border flow of data give rise to considerable costs because data cannot be collected in those locations where this would be most efficient. Allowing the free flow of data within the EU - building a "data economy" - may therefore contribute to significant cost reductions.