The Director General of the European trade association, DIGITALEUROPE, Cecilia Bonefeld-Dahl, has written an op-ed for EURACTIV warning that the EU's digital laws are becoming increasingly complex and resembling a regulatory spaghetti bowl. She cautions that as landmark negotiations on the Artificial Intelligence Act and Cyber Resilience Act continue, there is a risk of further entanglement and potential headaches for Europe's competitive edge.
According to Bonefeld-Dahl, the key to building a successful technology business is to grow rapidly, and that requires tapping into the 500 million consumers in Europe's single market. However, regulatory burden and complexity are among the top three barriers to growth for promising small tech companies in Europe, resulting in only 8% of the world's unicorns originating from the continent. To illustrate the issue, DIGITALEUROPE’s members report spending an average of 15% more on compliance than five years ago. And more laws are yet to be enacted.
What is this page?
You are reading a summary article on the Privacy Newsfeed, a free resource for DPOs and other professionals with privacy or data protection responsibilities helping them stay informed of industry news all in one place. The information here is a brief snippet relating to a single piece of original content or several articles about a common topic or thread. The main contributor is listed in the top left-hand corner, just beneath the article title.
The Privacy Newsfeed monitors over 300 global publications, of which more than 4,350 summary articles have been posted to the online archive dating back to the beginning of 2020. A weekly roundup is available by email every Friday.
