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Internet of Things, Data Are a Focus for EU, Vestager Warns

July 16, 2020, 9:48 AM

Industry’s use of data and the so-called internet of things is a focus for antitrust regulators, EU Competition Commissioner Margrethe Vestager said on Thursday.

“We take an interest because here we see a potential of the value of that market doubling within this commission mandate” until 2024, she said at an online event. “The next wave of digitatization” she sees is “in the business-to-business digitization, where Europe holds a lot of assets, a lot of technology.”

The EU has been asked to investigate automobile data and weigh in on complaints on technology patent licensing for carmakers. Regulators are increasingly interested in how some companies gather data.

Vestager is due to announce a sweeping antitrust inquiry later on Thursday targeting an unspecified industry.

To contact the reporter on this story:
Aoife White in Brussels at awhite62@bloomberg.net

To contact the editors responsible for this story:
Anthony Aarons at aaarons@bloomberg.net

Peter Chapman

© 2020 Bloomberg L.P. All rights reserved. Used with permission.

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