The opportunities of using powerful computing resources on demand via the web are considered as a possible driver for the growth of the European economy. While the market for Social Network Sites has already experienced a consolidation, the market for Cloud Computing is still in an early stage, but with considerable growth rates. In addition the recent massive surveillances actions and the rise of cyber-crime showed the need for a more secure basis of future computing. As a result it is necessary to support the development of highly secure IT solutions. By modernizing the data protection regime Europe could not only ensure the better protection of citizens, but also serve as a model and partner for emerging markets. In order to encourage this evolution the digital life of citizens and business needs legal certainty to ensure new ideas are taken up. As well as this it is abundantly clear that a crucial precondition for a competitive ICT industry is an inspiring surrounding ecosystem.