Master Data Governance: Understanding the EU's Data Act
The EU's Data Act is on the horizon, promising to reshape how businesses access and utilize data, particularly industrial data. This legislation aims to foster a competitive data market, drive innovation, and ensure fairness in data sharing.
Key provisions include granting users control over data from connected products, enhancing fairness in data allocation, and safeguarding against unfair contractual terms. Complementing the Data Governance Act, these regulations lay the groundwork for an EU single market for data, positioning Europe as a global leader in the data economy.
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