Do European companies need a common European data ownership framework? Check the story on "Data Ownership and Access to Data - Key Emerging Issues"
Europe’s rapidly evolving data market is constantly putting forward new business models and that data stakeholders in Europe may well benefit from ad-hoc guidelines to adjust the existing contracts to these emerging data-based business models. If more and more European companies do embrace innovative data-based business models, no evidence emerges yet as to the existence of a well-functioning, shared and recognized data-pricing mechanism. Indeed, data are often exchanged “in bundles” with other services so that their value is inevitably included in the overall price that businesses apply to the bundled service. Our analysis has revealed that the notion of data ownership, data access and data control is intimately connected with the overall development of a balanced playing field in the European data market with key implications for the whole competitiveness of Europe’s data economy. In the opinion of the data-stakeholders taking part to this study, data ownership should therefore be considered within the broader framework of growth, innovation and competition policies and not seen simply as a contractual issue or a legal matter. This is not to say that a certain number of guidelines, as well as new types of model contracts, could be fruitfully developed by the industry to help data-stakeholders come to terms with emerging business models and new business cases. Further adjustments to regulatory frameworks on data ownership could also enable and promote cross-border data flows in the context of the Digital Single Market –are being positively received by the stakeholders and the businesses that we contacted in our research. IDC & Open Evidence, Data Ownership and Access to Data - Key Emerging Issues, EU Data Market Study, January 2016.