DMA stands for the Digital Markets Act, a regulation enacted by the European Union (EU) in November 2022, and since May 2023, it has become fully applicable.
In our latest whitepaper "Navigating the Digital Markets Act" get a comprehensive understanding of the DMA 2023 which elucidates the implications of the DMA on large companies, often referred to as "gatekeepers" and how it aims to foster a more competitive and fair digital market within the EU.
DMA has large implications for the designated gatekeepers HCLTech supports on various teams, such as messaging teams on Android. Google Chrome teams (and other browsers) also rely on HCLTech services to improve products and the changes mandated by DMA will affect existing workflows.
The importance of this whitepaper lies in its detailed analysis of the DMA's objectives, which include preventing market abuse by large companies, promoting interoperability, ensuring fair access and ranking of services and protecting user data privacy.
The whitepaper seeks to achieve several key objectives:
- Clarification: It aims to clarify the obligations imposed on gatekeepers and the sanctions for non-compliance, including fines of up to 10% of worldwide turnover.
- Impact Analysis: It discusses the potential impacts on various teams within HCLTech, such as messaging teams on Android and Google Chrome teams, highlighting how existing workflows might be affected.
- Benefits: It emphasizes the benefits of the DMA, such as increased competition, improved user experience and fairer market practices.
Furthermore, explore DMA's requirements for gatekeepers to allow third-party app stores, search engines and messaging platforms on their platforms and the necessity for user consent before collecting and using personal data. The whitepaper also covers the broader implications for smaller businesses and users, who may benefit from fairer access and more choices in digital markets.
We invite you to download our DMA whitepaper to gain further insights.
