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Thursday, June 27, 2019

Useful View of one year Old GDPR

Useful piece about what they believe GDPR regulations has resulted in.

What the Evidence Shows About the Impact of the GDPR After One Year
by Eline Chivot and Daniel Castro in DataInnovaion

The General Data Protection Regulation (GDPR), the new privacy law for the European Union (EU), went into effect on May 25, 2018. One year later, there is mounting evidence that the law has not produced its intended outcomes; moreover, the unintended consequences are severe and widespread. This article documents the challenges associated with the GDPR, including the various ways in which the law has impacted businesses, digital innovation, the labor market, and consumers.

Specifically, the evidence shows that the GDPR:

Negatively affects the EU economy and businesses
Drains company resources
Hurts European tech startups
Reduces competition in digital advertising
Is too complicated for businesses to implement
Fails to increase trust among users
Negatively impacts users’ online access
Is too complicated for consumers to understand
Is not consistently implemented across member states
Strains resources of regulators .... ' 

(more detail)

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