On Wednesday, the European Commission introduced a new digital package designed to simplify and enhance the regulatory landscape for digital operations across Europe. This initiative aims to merge existing laws, making compliance easier and reducing administrative burdens on businesses. The package includes a significant measure called the digital omnibus, which consolidates four key pieces of legislation and introduces a unified reporting portal for cybersecurity incidents, thereby addressing previous fragmentation in reporting responsibilities. Additionally, the Data Union Strategy outlined in the package seeks to unlock high-quality data specifically for AI applications, further promoting innovation across sectors.
Key figures involved in the initiative assert that it will not only reduce regulatory clutter but also deliver substantial financial benefits, with estimated savings of €9.6 billion annually once the measures are implemented. However, experts suggest that while these changes present opportunities for efficiency, they also pose challenges in terms of ensuring compliance and accountability. The Commission acknowledges that simplifying rules does not equate to lax enforcement; instead, it emphasizes the need for organizations to build robust internal structures to manage new responsibilities effectively. Overall, this regulatory shift is viewed as a significant step toward fostering innovation while maintaining essential governance.
👉 Pročitaj original: CIO Magazine
