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The Competition and Markets Authority is to assemble a dedicated team to handle the use of algorithms, artificial intelligence and big data in business.
The move is intended to improve the CMA's capability to collect and study data, analyse how companies use data and algorithms, and the implications for consumers and competition.
Researchers - Tech - Companies - Information - Commissioner
It also hopes to work with researchers, tech companies, the Information Commissioner's Office and other regulators.
The team will be headed by a chief data and technology insights officer, a role which will be advertised later in November.
Data - Algorithms - Business - Models - Competition
Data and algorithms are becoming ever more central to business models and competition issues. For example, using algorithms to achieve price fixing online, said the regulator. It recently launched a campaign to ensure online sellers know how to avoid breaking UK competition law in this area.
The regulator regularly steps into areas where it deems a lack of competition is failing consumers. Earlier this year Amazon, Apple and Microsoft committed to providing cloud storage users with fairer...
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