European Commission looks to unshackle big data

European commission

The European Commission plans to tackle restrictions on the free movement of data in the EU and exploit ‘big data' as part of its quest to create a digital single market.

It unveiled plans to propose a free flow of data initiative on May 6 – part of its attempt to maximise the ‘growth potential of the digital economy' – which could have implications for central bank research in the region.

Bank of England chief economist Andrew Haldane trumpeted the value of big data at a research conference in F

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