The transformation of data into an independent and strategic asset poses challenges for companies, regulators and policymakers alike. On 17 June 2019 in Berlin, together with the German Economic Institute (IW), Intereconomics hosted a conference on the “Data-Driven Economy” to reflect on the challenges and opportunities of competition policy, business models and data governance.
In order to guide the data-driven economy to benefit the greater good, regulators and policymakers will have to refine an often inefficient legal and regulatory framework. Justus Haucap opened the event with a look at direct and indirect network effects and the challenges they pose for regulators with regards to competition and competition policy for platform markets. Our participants examined the tools for utilising and monetising data as well as different takes on data governance and discovered that there clearly is no 'one-size-fits-all' model of this concept.
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