======The EU Needs to Reform the GDPR To Remain Competitive in the Algorithmic Economy======
The GDPR hinders AI development in the EU, giving an edge to North American and Asian competitors.  \\ 
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^  Quick Facts  ^^
|Report location:  |[[http://www2.datainnovation.org/2019-reform-the-gdpr-ai-a4.pdf|source]]   |
|Language:  |English  |
|Publisher:  |[[encyclopedia:us_cdi_center_for_data_innovation|Center for Data Innovation]]  |
|Authors:  | Daniel Castro, Eline Chivot  |
|Geographic focus:  |North America, Asia   |

=====Methods=====
The research method involved analyzing the impact of the GDPR on AI development in the EU, examining existing national AI strategies and bilateral agreements within the EU, and proposing recommendations for GDPR reform to foster AI innovation.  \\ 
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=====Key Insights=====
The report argues that the GDPR, while providing a unified privacy framework, restricts AI development in the EU, placing European firms at a competitive disadvantage. The digital economy has evolved into an "algorithmic economy," where AI is crucial for success. The GDPR's data processing regulations, particularly consent requirements and limitations on automated decision-making, hinder the ability to leverage AI. To remain competitive, the EU must reform the GDPR to balance regulation with the promotion of AI, allowing for data repurposing with minimal risk, not penalizing automated decision-making, and making fines proportional to harm.  \\ 
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=====Additional Viewpoints=====
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<span #categories_box> Categories:  {{tag>Asia_geographic_scope}} |  {{tag>English_publication_language}} |  {{tag>North_America_geographic_scope}} |  {{tag>ai_development}} |  {{tag>algorithmic_economy}} |  {{tag>automated_decision-making}} |  {{tag>bilateral_agreements}} |  {{tag>competitive_disadvantage}} |  {{tag>data_innovation}} |  {{tag>data_processing_regulations}} |  {{tag>gdpr}} |  {{tag>gdpr_reform}} |  {{tag>national_ai_strategies}}   </span>  


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