The Countdown Is Over: The EU Data Act Is Now A Reality

As of today, the EU Data Act comes into force across the European Union. Part of a broader package of digital legislation, this regulation establishes clear rules for accessing and sharing data generated by connected products and related services (primarily Internet of Things - IoT - products). It also introduces important safeguards against unfair contract terms in data-sharing agreements and facilitates switching between data processing services.

As data has become a valuable economic asset, the Data Act (Regulation (EU) 2023/2854) aims to strengthen the internal data market by enhancing access, usability, and interoperability, especially for industrial and non-personal data. It strikes a balance between ensuring a fair distribution of value among all participants in the data economy and fostering data-driven innovation.