EU Regulation on Digital Technologies
In this episode of “Are You A Robot?”, Tom Denney joins us to discuss the upcoming EU regulations on technology, especially the DSA (Digital Service Act) and DMA (Digital Markets Act).
Tom Denney is Director at BCW Brussels. Tom’s views are solely his own and do not express the views or opinions of his employer.
The EU has always pretty much been at the head of the game, in terms of technological regulation. Since General Data Protection Regulation (GDPR) came into force in 2018, the EU have shown to be willing to tackle these issues. However, GDPR was just the beginning of the EU’s journey of technological regulation.
The upcoming regulation acts, Digital Service Act (DSA) and Digital Markets Act (DMA), could also change the environment in Brussels and the EU. The DSA’s goals are more focused on illegal content. The DMA’s goals are to establish an equal playing field, where there are opportunities for all digital tech companies to innovate, grow and compete, in both the European Single Market and beyond.
“We need to think about technological regulation like utilities or energy.”
Many big companies might question whether these regulations will slow down innovation. However, the DMA specifically is allowing innovation to be scattered across more players in a fairer manner, including small businesses.
The EU still have many regulation acts in their pipeline, for example Regulation on AI. It is clear that the EU want to be global leaders in tech governance, but they also recognise that it’s important to have these acts in place. Tom suggests that the complex policy making environment is a key factor, alongside this motivation, for regulation policies to be formed.
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