#EUDataActSeries: Fair Data Sharing - A Game Changer for Consumers and Manufacturers
The?EU Data Act?is rewriting the rules of the data economy, introducing?fairer access, greater transparency, and new opportunities for innovation. One of the most significant changes??How data is shared between connected products manufacturers, consumers, and third parties.
For too long, data has been locked inside proprietary ecosystems, limiting its potential. The new regulation ensures a?more open and competitive data environment—but what does that really mean?
For Consumers: More Control, More Choices
You generate the data—you should benefit from it.?The Data Act ensures that users of connected products can access and share?real-time data?generated by the devices they own.
No more vendor lock-in.?Consumers can now choose to share their data with third-party service providers—whether for maintenance, insurance, or new digital experiences.
Transparency is key.?Manufacturers must clearly communicate what data is collected, how it’s used, and allow users to control who has access.
For Manufacturers: A New Data Economy with Competitive Edge
From walled gardens to open ecosystems.?The shift toward?interoperability and fair B2B data contracts?means manufacturers must rethink their business models.
Opportunities for innovation.?Data-sharing obligations open up?new revenue streams, from?data-driven services to partnerships with third-party providers.
Balancing openness and IP protection.?While sharing data is now a requirement, the act also includes safeguards for trade secrets and commercially sensitive information.
The message is clear:?Fair data sharing isn’t just a compliance requirement—it’s a strategic shift that will reshape how companies and consumers interact with connected products.
Is your business ready for this new data economy??At?Connect Reply, we help manufacturers navigate the EU Data Act, ensuring compliance while unlocking new opportunities.
Get in touch to discuss how we can help you?stay ahead in a fair, data-driven market.
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