Europe's GDPR has led to less data storage and processing

The consequence of Europe's privacy regime, according to the researchers, is that 'EU firms decreased data storage by 26 percent and data processing by 15 percent relative to comparable US firms, becoming less 'data-intensive.'

We find that the GDPR resulted in a 4 percent increase in the cost of producing information, a significantly smaller impact than the increase in the cost of data.

Read at Theregister