US ‘cloud’ supremacy has Europe worried about data

The EU is ‘losing its influence in the digital sphere at the moment it is taking a central role in the continent’s economy’, warned a recent report by a group of experts and media leaders. — dpa

PARIS: Europe is sitting on a wealth of data that is the 21st equivalent of a precious metal mine during the gold rush.

But instead of exploiting it themselves Europeans may be allowing American tech giants to gain control of all the excavation equipment, some experts say, pointing to a flurry of European companies announcing deals with US tech players for cloud services.