The removal of localisation restrictions could generate up to €8bn per year
Data lies at the core of the 4th Industrial Revolution. This is an essential resource for economic growth, competitiveness, innovation, creation and society's progress in general. The European Data Economy is now truly taking off. The value of the EU data economy was €300bn in 2016, representing 1.99 % of GDP. In 2016, there were 254,000 data companies, 661,000 data user companies and 6.16 million data professionals employed.