Joint

Industry

Statement

–

Communication

&

Consultation

on

Building

a

European

Data

Economy

The Industry Coalition on Data Protection (ICDP) commends the European Commission for exploring ways forward on building a European Data Economy and appreciates the Commission’s efforts to consult stakeholders. The “data economy” has the potential to grow to EUR 643 billion – or more than 3% of EU GDP – by 2020. This value will flow to citizens, employees, Member States, and businesses across Europe. With the aim of fostering the needed investment and innovation, ICDP would like to provide recommendations on the key areas covered in the Communication and ongoing consultation.