Complying with the EU Data Act – What companies should know

eu data act

Companies could face significant compliance challenges in trying to meet new European Union (EU) legal requirements about how companies share data with third parties.

The EU Data Act (EDA) gives users (both businesses and consumers) rights to access, use, and share data generated by “connected” Internet of Things (IoT) devices and smart appliances, which will impact manufacturers, service providers, and cloud operators, including non-EU companies offering services to EU customers. 

Experts warn that the new legislation—which came into force in September—creates a layered regulatory environment that requires careful coordination between data governance and data protection, which can pose serious challenges for some industries.

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