Could the UK move away from GDPR to help foster innovation?

Publicly the UK government is pursuing an adequacy decision from Europe regarding data protection and privacy regulations, but recent comments from ‘Number 10’ could be interpreted as saying the UK may be comfortable pursuing a different privacy path to the EU from the end of December 2020. The issue is about more than making changes to laws which were six years in the making. It has the potential to influence the way the UK develops a number of industries, particularly in the world of artificial intelligence. Why? Simply because the opportunity to prioritise innovation may be a good move to drive British business, but it could challenge the UK’s longstanding approach to protecting the digital privacy of its citizens.

It’s an issue our global head of data and privacy, Miriam Everett, raised with Finextra. You can read what she had to say here.

For more information, or if you have any queries, please contact Miriam Everett.

Miriam Everett

Miriam Everett
Partner, Head of Data Protection and Privacy, London
+44 20 7466 2378

OPEN INNOVATION: DATA ISSUES IN INNOVATION AND COLLABORATIONS

Businesses in every sector are under pressure to innovate to stay ahead of the competition. ‘’Open innovation’’ is a term that has come to describe innovation which extends beyond the traditional Research and Development department of a business and embraces a broader pool of talent and ideas within the whole business and frequently also extends to an external partnership with a third party collaborator to assist with and accelerate the process.

Collaborative innovations or innovative collaborations (both descriptions apply) present opportunities to reduce costs, share risk, provide broader access to talent and ideas, and ultimately achieve greater monetary gain.

Data frequently plays a central role in this drive towards ‘’open’’ innovation as there is a significant value attached to it. Data can be used to generate new products or services and revenue streams, to identify efficiencies within an organisation and reduce costs, and to inform strategic decision-making.

To download the full article, click here

Miriam Everett

Miriam Everett
Partner, Head of Data Protection and Privacy, London
+44 20 7466 2378

Anna McGowan

Anna McGowan
Professional Support Lawyer, London
+44 20 7466 2228