When Less Is More: What the EU’s Latest Moves Mean for the Future of Data Governance
EU's retreat from AI-specific laws signals a laissez-faire approach to innovation, relying on established regulations like GDPR and DORA for data protection. This strategy, while criticized for potential consumer risks, embraces adaptable, principle-based governance over rigid legislation. Compliance challenges arise for global organizations, especially in contrasting U.S. regulations. Adopting stringent standards like GDPR as a baseline, ensuring data localization, and maintaining flexible compliance frameworks can enhance operational efficiency and consumer trust in the evolving regulatory landscape.