Past Event

Disruptive technologies and the impact on the economy

How should industry and policy makers think about the notion of the market in the digital economy? How is industry transforming into the new digital age? Many argue that the e-Privacy Directive has proven to be needlessly intrusive - is it possible to phase out part or all of it, in favour of cross-sectoral regulation? How feasible might it be to harmonise data protection rules between the US and the EU, for instance by means of TTIP?

Date: December 8, 2015, 12:00 pm Topic: Digital economy and innovation

On 8 December Bruegel will hold a small closed door, off the record brainstorming event with selected members and other invited companies and experts. The objectives behind the sessions are to have an open discussion regarding the impact of new technologies on the future of the European industry. The focus will be on assessing the trends of digitalisation, data protection and industry 4.0 and the impact they have on the European industrial texture and European labour markets.

Schedule

Dec 8, 2015

12:00-12:30

Networking lunch

12:30-13:45

Session 1: Industry 4.0

Chair: Karen E. Wilson, Former Non-resident Fellow

The increased level of digitalization is leading to the Fourth Industrial Revolution - a phenomenon of slowly increasing digitalization and interconnection of products, value chains and business models. This process is impacting the industrial sector and will lead to a transformation towards a new digital industry, the so called Industry 4.0. How should industry and policy makers think about the notion of the market in the digital economy? How is industry transforming into the new digital age? What is the role of online platforms? What are the right conditions for digital networks and innovative services to flourish? How can a level playing field be ensured in terms of transparency, use of information, and competitive practices?

13:45-15:00

Session 2: The Economics of data vs data protection

Chair: J. Scott Marcus, Senior Fellow

Data is playing an increasingly important role in driving innovation. Business models are developing which harness data in new and powerful ways. However, the greater leveraging of consumer data also raises privacy issues. The General Data Protection Regulation (GDPR) that is likely to be enacted within the next six months is expected to provide greater consistency of regulation of privacy, albeit possibly at the cost of greater compliance costs. What net impact might this have on innovation? To what degree are economies of scale and scope crucial for market players who wish to exploit consumer data? Many argue that the e-Privacy Directive has proven to be needlessly intrusive - is it possible to phase out part or all of it, in favour of cross-sectoral regulation? Data collection by government, whether for law enforcement or for national security, clearly raises different issues than data collection by market parties - how will a replacement for Safe Harbour be erected in light of the October ECJ decision? Also, how feasible might it be to harmonise data protection rules between the US and the EU, for instance by means of TTIP?

15:00

End

Speakers

Karen E. Wilson

Former Non-resident Fellow

J. Scott Marcus

Senior Fellow

Location & Contact

Bruegel, Rue de la Charité 33, 1210 Brussels

Matilda Sevón

[email protected] +32 2 227 4212

Read about event More on this topic
 

Past Event

Past Event

Adapting to European technology regulation: A conversation with Brad Smith, President of Microsoft

Invitation-only event featuring Brad Smith, President and Vice Chair of Microsoft who will discuss regulating big tech in the context of Europe's digital transformation

Speakers: Maria Demertzis and Brad Smith Topic: Digital economy and innovation Location: Bibliothéque Solvay, Rue Belliard 137A, 1000 Bruxelles Date: May 18, 2022
Read about event
 

Upcoming Event

May
19
15:00

Three data realms: Managing the divergence between the EU, the US and China in the digital sphere

Major economies are addressing the challenges brought by digital trade in different ways, resulting in diverging regulatory regimes. How should we view these divergences and best deal with them?

Speakers: Susan Ariel Aaronson, Henry Gao, Esa Kaunistola and Niclas Poitiers Topic: Digital economy and innovation, Global economy and trade Location: Bruegel, Rue de la Charité 33, 1210 Brussels
Read article More on this topic More by this author
 

Opinion

Buy now, pay later: the age of digital credit

A relatively new fintech market, BNPL is currently not regulated in the EU, meaning that consumers do not have the same protection level as they do for other credit products.

By: Maria Demertzis Topic: Digital economy and innovation Date: May 17, 2022
Read about event More on this topic
 

Upcoming Event

Jun
7
10:30

Future of Work and Inclusive Growth Annual Conference

Annual Conference of the Future of Work and Inclusive Growth project

Speakers: Erik Brynjolfsson, Francis Green, Ivailo Kalfin, Laura Nurski, J. Scott Marcus, Anoush Margaryan, Julia Nania, Poon King Wang and Fabian Stephany Topic: Digital economy and innovation Location: Bruegel, Rue de la Charité 33, 1210 Brussels
Read article More on this topic
 

Blog Post

Insights for successful enforcement of Europe’s Digital Markets Act

The European Commission will enforce digital competition rules against big tech; internally, it should ensure a dedicated process and teams; externally, it should ensure cooperation with other jurisdictions and coherence with other digital policies.

By: Christophe Carugati and Catarina Martins Topic: Digital economy and innovation Date: May 11, 2022
Read article Download PDF More by this author
 

Book/Special report

European governanceInclusive growth

Bruegel annual report 2021

The Bruegel annual report provides a broad overview of the organisation's work in the previous year.

By: Bruegel Topic: Banking and capital markets, Digital economy and innovation, European governance, Global economy and trade, Green economy, Inclusive growth, Macroeconomic policy Date: May 6, 2022
Read article More by this author
 

Podcast

Podcast

What to expect from China's innovation drive?

How much has China progressed technologically?

By: The Sound of Economics Topic: Digital economy and innovation, Global economy and trade Date: April 6, 2022
Read article More on this topic More by this author
 

Podcast

Podcast

Online labour: Can we all just move to Tahiti?

How is online labour different from remote work?

By: The Sound of Economics Topic: Digital economy and innovation Date: March 23, 2022
Read article
 

Blog Post

The decoupling of Russia: software, media and online services

Restrictions so far on software, media and online services in Russia have been imposed either voluntarily by firms, or else by Russia itself in order to restrict the flow of information.

By: J. Scott Marcus, Niclas Poitiers and Pauline Weil Topic: Digital economy and innovation, Global economy and trade Date: March 22, 2022
Read about event More on this topic
 

Past Event

Past Event

Who will enforce the Digital Markets Act?

While the Digital Markets Act entered its first trilogue, what will be the enforcement role of the Commission and the Member States?

Speakers: Christophe Carugati, Cani Fernández, Assimakis Komninos and Georgios Petropoulos Topic: Digital economy and innovation Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: March 22, 2022
Read about event More on this topic
 

Past Event

Past Event

Productivity in transformative times

This Microprod policy conference will discuss how productivity is affected by globalisation and digitisation.

Speakers: Carlo Altomonte, Ufuk Akcigit, Eric Bartelsman, Marta Bisztray, Erik Canton, Carol Corrado, Zsolt Darvas, Ronald Davies, Niklas Garnadt, Alexander Jaax, Filippo di Mauro, Marie Le Mouel, Niclas Poitiers, Giovanni Sgaravatti, Alessandro Turrini, Bart van Ark, Reinhilde Veugelers and Frederic Warzynski Topic: Digital economy and innovation Date: February 22, 2022
Read article More on this topic More by this author
 

Blog Post

The dark side of artificial intelligence: manipulation of human behaviour

Transparency over systems and algorithms, rules and public awareness are needed to address potential danger of manipulation by artificial intelligence.

By: Georgios Petropoulos Topic: Digital economy and innovation Date: February 2, 2022
Load more posts