Data Act: The European Commission has reached a political agreement on the European Data Act
On 28 June 2023, the European Commission announced that an agreement has been reached between the European Parliament and the Council of the EU on the European Data Act as proposed by the Commission in February 2022. The Data Act aims to boost the EU’s data economy by unlocking industrial data, optimising its accessibility and use, and fostering a competitive and reliable European cloud market.
The Data Act complements the Data Governance Act of November 2020 by clarifying who can create value from data under which conditions. It includes:
- Measures that enable users of connected devices to access the data generated by these devices and related services
- Measures to provide protection from unfair contractual terms that are unilaterally imposed
- Mechanisms for public sector bodies to access and use data held by the private sector
- New rules that grant customers the freedom to switch between various cloud data-processing service providers
- Measures to promote the development of interoperability standards
The political agreement reached by the European Parliament and the Council is now subject to formal approval by the two co-legislators. Once adopted, the Data Act will enter into force on the 20th day following its publication in the official Journal and will become applicable 20 months after entering into force.