"The EU Data Act has the potential to foster a more competitive and equitable data economy - largely thanks to its provisions on data access, fair contractual terms, and cloud switching,"
"For businesses governed by the Act, this isn't just a matter of compliance, it's an opportunity to build a more transparent, efficient, and innovative digital ecosystem."
"The EU Data Act has huge potential to deliver acceleration of both public and private sector innovation, through increased data democratization and access,"
"For all enterprise and public sector organisations that have a robust, compliant, data classification processes already in place, the act will create an environment of collaboration and innovation where innovation"
The EU Data Act becomes applicable across the European Union on 12 September, following its entry into force on 11 January 2024 and a transitional implementation period. The regulation establishes new rules governing access, management, and sharing of data produced by connected devices and cloud services, including service portability and contractual fairness obligations. The legislation covers multiple sectors such as manufacturing, cloud computing, transport, consumer goods, and public sector organisations. The Act aims to increase data democratization, enable cloud switching, and foster a more competitive, transparent, and innovative data economy when organisations maintain robust, compliant data classification processes.
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