In 2023, data moved beyond serving as just an "important
currency" in the marketplace and evolved into a truly
transformative asset class. With this transformation, data requires
increased attention and concern by its owners and controllers.
Companies are increasingly building, creating derivative works,
collecting data, and even focusing on acquiring data through
accretive transactions. As a result, stakeholders must understand
and address the nuanced legal matters associated with developed or
acquired data, which run the gamut from how to actually acquire
particular data rights under applicable laws to managing
restrictions related to use of tools, such as data analytics and
artificial intelligence.