The digital age has revolutionized our lives, offering convenient access to information and services. However, this convenience comes at the cost of data privacy. With a vast majority of the EU population using the internet in 2021, personal data exchange is rampant. Surprisingly, despite privacy being a human right, only 39% of internet users read data protection policies before sharing their personal information. To safeguard personal identities, the General Data Protection Regulation (GDPR) was introduced. While it empowers consumers, it also impacts businesses, especially in terms of competition.
This literature analysis delves into the GDPR's effects on companies. The GDPR sets essential principles, making it applicable to all firms processing EU citizens' data. Compliance involves various measures, contingent on data processing volume and method. The GDPR grants consumers rights, including being informed, access, being forgotten, objection, and data portability. These rights offer benefits to companies, fostering trust and enhancing their competitive edge. Companies complying with GDPR have gained more customers and partners, bolstering their market position. Nevertheless, many companies view GDPR negatively, fearing legal uncertainties and curtailment of business activities, particularly affecting innovative, digital firms. GDPR may weaken the competitive position compared to non-GDPR competitors, as it increases costs and causes the loss of some collaboration partners.
In conclusion, this analysis demonstrates that the GDPR has had an adverse effect on companies, particularly concerning their competitive position. It suggests implementing the GDPR as a uniform standard framework to ensure fair competition among companies, addressing the law's uneven impact. This work contributes to the understanding of the GDPR's impact on businesses, highlighting the need for more research in this area, which currently tends to be consumer-centric.
Inhaltsverzeichnis (Table of Contents)
- Acronyms
- 1. Introduction
- 2. General Information and Objectives of the Implementation of GDPR
- 3. Analysis of the impact of the GDPR
- 3.1. Positive effects
- 3.2. Negative effects
- 4. Conclusion
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This literature analysis investigates the impact of the General Data Protection Regulation (GDPR) on companies, specifically focusing on the competitive implications. The study aims to determine whether the GDPR has had a positive or negative impact on company competitiveness by analyzing its advantages and disadvantages.
- The evolution of data privacy regulations in the digital age.
- The implementation and objectives of the GDPR.
- The impact of the GDPR on companies, both positive and negative.
- The role of the GDPR in shaping competition among companies.
- The challenges of conducting research on the competitive effects of the GDPR.
Zusammenfassung der Kapitel (Chapter Summaries)
Chapter 1 provides an introduction to the research topic, highlighting the increasing importance of data privacy in the digital age and the need for a comprehensive analysis of the GDPR's impact on companies, particularly concerning competition.
Chapter 2 delves into the general information and objectives of implementing the GDPR. It explains the legal basis of the regulation, its historical context, and the definition of personal data as defined by the European Commission.
Schlüsselwörter (Keywords)
This analysis focuses on key concepts such as data privacy, the General Data Protection Regulation (GDPR), competition, corporate impact, advantages and disadvantages, digital age, consumer protection, European Commission, and data processing. It examines the competitive implications of the GDPR for businesses in the EU and explores the challenges associated with researching this specific area.
- Quote paper
- Uarda Milla (Author), 2023, The Latest EU Data Privacy Regulations, Munich, GRIN Verlag, https://www.hausarbeiten.de/document/1405193
