Regulation (EU) 2023/2854 of the European Parliament and of the
Council on harmonized rules on fair access to and use of data (the
“data act”) has entered into force on 11 January 2024,
revolutionizing the access to data and introducing new obligations
for companies to share data. The regulation is directly applicable
in the member states of the union and will apply from 12 September
2025. The data act is part of the European Data Strategy (2020),
which aims to make the EU a pioneer in a data-driven society.
The data act harmonizes the rules for the use of data generated
by IoT devices. IoT devices include devices that are connected to
the internet, such as smartphones and watches, smart refrigerators,
locks, smoke alarms and cars. The definition of data is broad in
the regulation: data refers to, among other things, any digital
representation of information or compilations of information,
including sound, visual or audio-visual recordings. The data
referred to in the