ARTICLE · 04 JANUARY 2024

The European Data Act: New Rules For A New Age

Cooley LLP

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In today's digital age, data is the new currency. The European Union recognises this and has introduced the European Data Act, a set of new rules that will revolutionise the way data generated...

European UnionPrivacy

Patrick Van Eecke

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In today's digital age, data is the new currency. The European Union recognises this and has introduced the European Data Act, a set of new rules that will revolutionise the way data generated by connected devices is shared and used. Consumers and businesses will be able to access their devices' data and use it for aftermarket and value-added services. Business and industrial players will have more data available and will benefit from a competitive data market. Aftermarket services providers will be able to offer more personalised services – and compete on equal footing with comparable services offered by manufacturers – while industrial data can be combined to develop entirely new digital services as well.

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