Key aspects of the Data Act: how does this Regulation affect you?

The Data Act is a Regulation designed to regulate access to and the use of data generated by connected devices. It is directly applicable in all Member States of the European Union.

The Data Act is cross-sectoral, meaning it affects all types of entities (e.g. the banking, automotive, technology, and pharmaceutical sectors, etc.).

The Regulation is based on a new principle: the user of a device (whether an individual or a company) has the right to access the data they generate and share it with third parties.

This Regulation is intended to complement the GDPR1, which established the protection of personal data as a fundamental right, but now focuses on data as an economic asset.

You can read the full Legal Briefing here.