CybersecurityRegulation

EU Data Act

Regulation (EU) 2023/2854 - EU Data Act

The EU Data Act (Regulation (EU) 2023/2854) establishes harmonized rules to make data generated by connected products and related digital services more accessible and usable across the European Union. It gives users of connected devices, such as IoT products, the right to access and share the data they generate with third parties, while requiring data holders to provide that data under fair, reasonable, and non-discriminatory conditions. The regulation aims to reduce barriers to data sharing, promote innovation and competition, enable easier switching between cloud and data-processing services, and support public-sector access to data in situations of exceptional need, while preserving data protection, privacy, intellectual property rights, and trade secret safeguards. Overall, the Data Act is designed to create a fairer and more competitive European data economy by empowering users and improving access to valuable data resources.

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Overview

The Regulation (EU) 2023/2854 - EU Data Act, addresses the challenges and opportunities presented by data in the European Union (EU), emphasising fair access and user rights, while ensuring that personal data is protected.

Its aims include: • guaranteeing a fair distribution of the benefits derived from data amongst stakeholders; • stimulating a competitive data market; • opening up opportunities for data-driven innovation; and • making data, in particular data generated by connected products, more accessible.

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