Will the EU Data Act unlock value in the Data Economy

The European Commission’s Data Act proposal was presented on 23 February. The proposal is part of the ‘Shaping Europe’s Digital Future’ strategy and will be an important building block for the digital economy in Europe. The Regulation sets common basic rules on who can use and access data across all economic sectors. It aims to create a Single Market for data in which this valuable resource is more accessible and can be shared without legal obstacles among European businesses and the public sector.