The European Commission outlines next steps towards a European data economy

The European Commission proposed on January 10th 2016 policy and legal solutions to unleash EU’s data economy as part of its Digital Single Market Strategy presented last May 2015. The European Commission adopted a Communication on "Building a European Data Economy", accompanied by a Staff Working Document, where it looks at the rules and regulations impeding the free flow of data and present options to remove unjustified or disproportionate data location restrictions, and,
outlines legal issues regarding access to and transfer of data, data portability and liability of non-personal, machine-generated digital data.

Look at the official Press release from the EC here
The European Commission has launched a public consultation and dialogue with stakeholders on these topics to gather further evidence. This process will help identify future policy or legislative measures that will unleash Europe's data economy.
Source of information and further details: