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Changes to (Economic) Law due to Digital Transformation -A European Perspective

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초록

The digital transformation can be attributed to a number of different forms of algorithms, but above all to the way in which algorithm-based applications merge into social practices. A central role is played on the one hand by data-based business models in digital markets and on the other hand by the criteria according to which digital products and services become part of social practices in the various social spheres. The article outlines the factors and facets of digital transformation. On this basis, the article discusses individual aspects of structural changes in business law, from the generation of the necessary regulatory knowledge in the regulation of data flows to limit market power on digital platforms, to the development of general, cross-sector requirements for AI systems that are classified as risky, to the digitalization of the law itself, including its application.

Abstract

The digital transformation can be attributed to a number of different forms of algorithms, but above all to the way in which algorithm-based applications merge into social practices. A central role is played on the one hand by data-based business models in digital markets and on the other hand by the criteria according to which digital products and services become part of social practices in the various social spheres. The article outlines the factors and facets of digital transformation. On this basis, the article discusses individual aspects of structural changes in business law, from the generation of the necessary regulatory knowledge in the regulation of data flows to limit market power on digital platforms, to the development of general, cross-sector requirements for AI systems that are classified as risky, to the digitalization of the law itself, including its application.

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