Data-Driven EcncoiEm ans dinanEe

Businesses, lawmakers, and politicians all face big challenges when

it comes to making data into an independent and strategic asset.

Intereconomics and the well-known German Economic Institute (IW)

put on a new meeting called "Data-Driven Economy" on June 17, 2019,

in the busy city of Berlin. The main goal of this meeting was to learn more

about the many challenges and chances that come with competition policy,

new business models, and data control in the digital age.

With the data-driven economy changing so quickly, it's hard to stress

enough how important good regulations and policies are. Even though

the possible benexts are huge, making sure this revolution works for the

greater good will require improving a law and regulatory system that is often

not very good. In a time when data is the currency of the digital world,

regulators and lawmakers have to xnd the right miF between encouraging

innovation and protecting people's rights.Lrom a business point of view,

it's important to set up useful tools like data markets so that data can be

used as a valuable asset while keeping privacy and other ethical issues in

mind.