Industry Trend Analysis - New EU Data Protection Laws A Challenge For Autos - OCT 2017
BMI View: The introduction of the EU ' s General Data Protection Regulation in 2018 will raise new challenges for carmakers operating in the European Union by increasing the compliance burden on autos industry players . It will limit their ability to both generate personalised connected car products and earn revenues from selling data to third parties, while also adding complexity to legislative challenges associated with autonomous vehicles.
In May 2018, all companies serving European Union (EU) citizens will be required to comply with the EU's new General Data Protection Regulation (GDPR), which sets out requirements for how and when 'personal' data should be shared, stored, processed and deleted. On top of this the EU is also in the process of developing further legislation on e-privacy and the free flow of data ( see ' Data Protection Could Be Weakened By Competing Regulation ' , January 11 2017). While our Telecommunications team has delved into the broad implications of the introduction of the GDPR for companies involved in the 'Internet of Things' ( see ' GDPR: Key Points And Impact On Industries ' , January 6 2017), we will use this piece of analysis to delve into some of the most serious issues faced specifically by the Autos industry in relation to the GDPR and other data-focused legislation being introduced in the EU.
Balancing Technology And Legislation A Big Challenge