EU antitrust lawmakers kick off IoT deep dive to follow the data flows – TechCrunch

The potential for the Internet of Things to lead to distortion in market competition is troubling European Union lawmakers who have today kicked off a sectoral inquiry. They're aiming to gather data from hundreds of companies operating in the smart home and connected device space -- via some 400 questionnaires, sent to companies big and small across Europe, Asia and the US -- using the intel gleaned to feed a public consultation slated for early next year when the Commission will also publish a preliminary report. In a statement on the launch of the sectoral inquiry today, the European Union's competition commissioner, Margrethe Vestager, said the risks to competition and open markets linked to the data collection capabilities of connected devices and voice assistants are clear. The aim of the exercise is therefore to get ahead of any data-fuelled competition risks in the space before they lead to irreversible market distortion. "One of the key issues here is data. Voice assistants and smart devices can collect a vast amount of data about our habits. And there's a risk that big companies could misuse the data collected through such devices, to cement their position in the market against the challenges of competition. They might even use their knowledge of how we access other services to enter the market for those services and take it over," said Vestager.