Top Highlights

• The Regulation on harmonised rules on fair access to and use of data — also known as the Data Act — entered into force on 11 January 2024.
• While the Data Governance Act regulates processes and structures that facilitate voluntary data sharing, the Data Act clarifies who can create value from data and under which conditions.
• The Data Act will enable a fair distribution of the value of data by establishing clear and fair rules for accessing and using data within the European data economy, a necessity heightened by the growing prevalence of the Internet of Things (IoT).
• The Data Act is a cross-sectoral piece of legislation (i.e. it lays out principles and guidelines that apply to all sectors).
• Increasing legal certainty for companies and consumers engaged in data generation, particularly within the Internet-of-Things framework, by establishing clear rules on the permissible use of data and the associated conditions, while sustaining incentives for data holders to continue investing in high-quality data generation.

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