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ARTICLE · 27 JANUARY 2025

The EU Data Act: Implications And Preparation For Businesses

Finnegan, Henderson, Farabow, Garrett & Dunner LLP
Finnegan, Henderson, Farabow, Garrett & Dunner LLP
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Finnegan, Henderson, Farabow, Garrett & Dunner LLP

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The European Union (EU) has initiated the rollout of new legislation, the EU Data Act ("the Act"). The Data Act, which came into force on January 11, 2024, is part of the EU's efforts to foster a more competitive.

United StatesIntellectual Property

The European Union (EU) has initiated the rollout of new legislation, the EU Data Act ("the Act"). The Data Act, which came into force on January 11, 2024, is part of the EU's efforts to foster a more competitive and innovative data economy.1 With the enforcement date scheduled for September 2025, this regulation will have profound implications for businesses by influencing how they manage, share, and protect their personal and non-personal data.2 It is crucial for businesses to fully understand the Act's provisions to take proactive steps to ensure compliance and leverage new opportunities.

The Data Act represents part of the EU's broader digital strategy, complementing other critical regulations like the General Data Protection Regulation (GDPR), the Data Governance Act, and the Digital Markets Act (DMA).3 The European Commission has stated that the Act aims to make data more accessible, particularly non-personal data, to stimulate innovation and economic growth.

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