European Union Data Act Published

Sakshi Education

On February 23, 2022, the European Commission published its draft Data Act, after much anticipation.
European Commission sets a raft of new rules for data sharing.
It forms part of European Union’s strategy, in order to make the bloc a leader in data-agile economy.
The proposed legislation is aimed at making data sharing and using easier and set a standard at EU-wide level. It calls manufacturers to allow owners of connected devices, in a bid to see what data they are gathering. It seeks to give companies and consumers more control over what can be done with their data.
It also clarifies who can access data and on what terms. The new rules also mean government bodies and public bodies will be able to request access to privately-held data for legal obligations or public emergencies but not day-to-day law enforcement activities.
The new legislation could have big impact on Europe’s data economy and could offer innovation. It will offer opportunities and challenges. It depends on a company’s business model as well as its ability to adapt and prepare whether challenges or opportunities prevail.

Published date : 25 Feb 2022 05:28PM