ARTICLE · 12 MARCH 2024

Unlocking Europe's Digital Future: Council Of The EU Adopts New Data Act

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On 27 November, the Council of the European Union (the Council) took a significant step towards making the European Union a global leader in the data-driven economy...

GlobalPrivacy

Elina Mantrali

Marilena Papachristodoulou

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On 27 November, the Council of the European Union (the Council) took a significant step towards making the European Union a global leader in the data-driven economy with the formal adoption of the new Data Act.

Objectives of the law

The Data Act sets out to achieve several key objectives, including:

Fair Value Allocation – ensuring fair distribution of value from data in the digital sphere.
Competitive Data Market – stimulating innovation and growth through a competitive data market.
Data Accessibility – making data more accessible across economic sectors to drive innovation.
Interoperability – facilitating easy switching between data service providers and establishing interoperability standards.

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Unlocking Europe's Digital Future: Council Of The EU Adopts New Data Act

On 27 November, the Council of the European Union (the Council) took a significant step towards making the European Union a global leader in the data-driven economy with the formal adoption of the new Data Act.

Objectives of the law

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