The European Commission published its draft Data Act, which sets a raft of new rules for data sharing and forms part of the European Union’s strategy to make the bloc a leader in the data-agile economy.
FREMONT, CA: The European Commission unveiled a draft Data Act, after great anticipation, setting a slew of new rules for data sharing as part of the EU's ambition to make the bloc a leader in the data-agile economy.
The proposed legislation intends to make data sharing and use more convenient, as well as establish a standard across the EU. It demands that manufacturers make data collected by linked devices visible to their owners. The draft legislation applies to the manufacturers of products and services like the Internet of Things devices and cloud service providers in the European Union.
It is also highly likely that it might affect the users includingbusinessmen and individuals. This means that the businessmen would have to disclose their data to the users who helped to create it . Further, the users would then be able to provide this data to third parties or employ it for their purposes. The data can be made available directly to third parties on the users' demand. However, it must also be taken into consideration that this process of data sharing must respect trade secrets and also not vie with the original holder of the data.
According to the new laws, public and government agencies will be entitled to request access to privately-held data in the event of a public emergency or legal requirement, but not for routine law enforcement actions. There were also safeguards in place to prohibit access to data from foreign jurisdictions. Terrorist attacks, pandemics, and natural disasters are examples of such emergencies.
The new policy also aims to establish protections against illicit data transfer, which could affect corporations in the United States and elsewhere. Since Edward Snowden's revelations of vast US eavesdropping in 2013, data disputes between the EU and US IT firms have grown. Meta has stated that due to the data transfer controversy, it may take Facebook and Instagram from Europe.