{"id":7252,"date":"2023-11-09T17:57:17","date_gmt":"2023-11-09T16:57:17","guid":{"rendered":"https:\/\/www.eylaw.at\/the-eu-data-act-a-turning-point-for-the-european-data-economy\/"},"modified":"2023-12-07T15:10:05","modified_gmt":"2023-12-07T14:10:05","slug":"the-eu-data-act-a-turning-point-for-the-european-data-economy","status":"publish","type":"post","link":"https:\/\/www.eylaw.at\/en\/the-eu-data-act-a-turning-point-for-the-european-data-economy\/","title":{"rendered":"The EU Data Act: A Turning Point for the European Data Economy"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"7252\" class=\"elementor elementor-7252 elementor-7239\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3ff9130 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3ff9130\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-428b7b9b\" data-id=\"428b7b9b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f663a52 elementor-widget elementor-widget-text-editor\" data-id=\"f663a52\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h3>A Legislative Milestone<\/h3><p>With the European Parliament&#8217;s adoption of the EU Data Act, we are witnessing a historic advancement in the regulation of the EU&#8217;s digital economy. This legislation marks a turning point, reshaping the data landscape of the EU and laying the groundwork for an innovative and competitive future.<\/p><p>\u00a0<\/p><h3>What is the EU Data Act?<\/h3><p>The EU Data Act establishes a harmonized framework for data access and sharing across all EU economic sectors. It aims to increase the availability of data while simultaneously strengthening the protection and control users have over their data. This is particularly pertinent to data generated by IoT devices, ensuring that such data can be used securely, fairly, and economically.<\/p><p>\u00a0<\/p><h3>The Main Pillars of the EU Data Act<\/h3><ul><li><strong>Data Access and Portability:<\/strong> The Data Act promotes data interoperability and portability to reduce dependency on individual providers and enhance competition.<\/li><li><strong>Data Accessibility:<\/strong> A &#8216;data accessibility by design&#8217; requirement is mandated to ensure that data is securely and easily available to users.<\/li><li><strong>Protection of Personal Data:<\/strong> The Data Act complements existing data protection laws like the GDPR, ensuring that personal data remains protected during data exchange.<\/li><\/ul><p>\u00a0<\/p><h3>Strategic Preparation for the EU Data Act<\/h3><p>The implementation of the EU Data Act will require careful preparation and strategic planning. Businesses must review and adjust their internal processes to meet the new requirements. Our experience in data law ideally positions us to guide your company through this transition.<\/p><p>\u00a0<\/p><h3>Our Approach to Implementing the EU Data Act<\/h3><p>With our profound expertise in data law, we offer tailored solutions that are specific to your company&#8217;s needs. We assist you in developing robust data management and a strategy that not only meets the requirements of the EU Data Act but also enhances your competitiveness.<\/p><p>\u00a0<\/p><h3>Conclusion<\/h3><p>The EU Data Act is more than just a new regulatory requirement \u2013 it&#8217;s an opportunity to improve how we handle data and to develop new business models. We stand ready to support you in seizing this opportunity and equipping your company for the future of the data economy.<\/p><p>\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b93a1e7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b93a1e7\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-240e12b\" data-id=\"240e12b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ab0a039 elementor-widget elementor-widget-button\" data-id=\"ab0a039\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.eylaw.at\/wp-content\/uploads\/2023\/11\/Data-Act-Flyer_EY_Law_Austria_NewTech.pdf\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">PDF EU Date Act Download<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-11e5944 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"11e5944\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ddd8c48\" data-id=\"ddd8c48\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a37178c elementor-widget elementor-widget-text-editor\" data-id=\"a37178c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h3>Contact for your questions regarding the EU Data Act<\/h3><div class=\"wp-block-media-text alignwide is-stacked-on-mobile\"><figure class=\"wp-block-media-text__media\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignleft wp-image-4265 \" src=\"https:\/\/www.eylaw.at\/wp-content\/uploads\/2020\/06\/Hanzl_Martin_lawyer-austria-new-technology-crypto-token-blockchain-law-vienna-ey-law-300x300.jpg\" sizes=\"(max-width: 851px) 100vw, 851px\" srcset=\"https:\/\/www.eylaw.at\/wp-content\/uploads\/2020\/06\/Hanzl_Martin_lawyer-austria-new-technology-crypto-token-blockchain-law-vienna-ey-law.jpg 851w, https:\/\/www.eylaw.at\/wp-content\/uploads\/2020\/06\/Hanzl_Martin_lawyer-austria-new-technology-crypto-token-blockchain-law-vienna-ey-law-300x300.jpg 300w, https:\/\/www.eylaw.at\/wp-content\/uploads\/2020\/06\/Hanzl_Martin_lawyer-austria-new-technology-crypto-token-blockchain-law-vienna-ey-law-150x150.jpg 150w, https:\/\/www.eylaw.at\/wp-content\/uploads\/2020\/06\/Hanzl_Martin_lawyer-austria-new-technology-crypto-token-blockchain-law-vienna-ey-law-768x768.jpg 768w\" alt=\"Hanzl Martin, Rechtsanwalt f\u00fcr Krypto, Blockchain, IoT, Smart Contracts, Lawyer f\u00fcr Fintechs un startups in \u00d6sterreich, EU Data Act\" width=\"270\" height=\"270\" \/><\/figure><div class=\"wp-block-media-text__content\"><p><strong><a href=\"https:\/\/www.eylaw.at\/en\/teammitglied\/dr-martin-hanzl-msc-wu\/\" data-type=\"teammitglied\" data-id=\"927\">Dr. Martin Hanzl, LL.M.\u00a0<sub>(IT Law)<\/sub>, MSc\u00a0<sub>(WU)<\/sub><\/a><br \/><\/strong>Head of New Tech | Attorney at law<\/p><\/div><\/div><div class=\"wp-block-media-text alignwide is-stacked-on-mobile\"><div class=\"wp-block-media-text__content\">\u00a0<\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7e4ecba elementor-widget elementor-widget-text-editor\" data-id=\"7e4ecba\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div><p><img decoding=\"async\" class=\"alignnone wp-image-7289 size-medium\" style=\"font-style: inherit; font-weight: inherit;\" src=\"https:\/\/www.eylaw.at\/wp-content\/uploads\/2023\/10\/Birnbauer_Daniela_eylaw_ip-data-act_A_s-300x300.jpg\" alt=\"EY Law Daniela Birnbauer Newtech\" width=\"300\" height=\"300\" srcset=\"https:\/\/www.eylaw.at\/wp-content\/uploads\/2023\/10\/Birnbauer_Daniela_eylaw_ip-data-act_A_s-300x300.jpg 300w, https:\/\/www.eylaw.at\/wp-content\/uploads\/2023\/10\/Birnbauer_Daniela_eylaw_ip-data-act_A_s-150x150.jpg 150w, https:\/\/www.eylaw.at\/wp-content\/uploads\/2023\/10\/Birnbauer_Daniela_eylaw_ip-data-act_A_s-768x768.jpg 768w, https:\/\/www.eylaw.at\/wp-content\/uploads\/2023\/10\/Birnbauer_Daniela_eylaw_ip-data-act_A_s.jpg 850w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p><\/div><div><figure><\/figure><figure class=\"wp-block-media-text__media\"><a href=\"https:\/\/www.eylaw.at\/en\/teammitglied\/daniela-birnbauer-ll-m-wu-ma\/\"><b>Daniela Birnbauer, LL.M.<\/b><\/a><\/figure><div class=\"wp-block-media-text__content\"><p><span style=\"background-color: #ffffff;\">Associate at the EY Law New Tech Team<\/span><\/p><\/div><\/div><div class=\"wp-block-media-text alignwide is-stacked-on-mobile\"><div class=\"wp-block-media-text__content\">\u00a0<\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e18ae6c elementor-widget elementor-widget-text-editor\" data-id=\"e18ae6c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div><div><p style=\"font-size: 16px;\"><span style=\"font-size: 16px;\"><a style=\"font-size: 16px; background-color: #ffffff;\" href=\"https:\/\/www.eylaw.at\/en\/teammitglied\/mag-alexander-glaser\/\"><img decoding=\"async\" class=\"wp-image-4332 size-medium alignleft\" src=\"https:\/\/www.eylaw.at\/wp-content\/uploads\/2021\/12\/Glaser_Alexander_EY_law_rechtsanwalt_Digital_law_Crypto_Austria_token_fintech-lawyer-300x300.jpg\" sizes=\"(max-width: 850px) 100vw, 850px\" srcset=\"https:\/\/www.eylaw.at\/wp-content\/uploads\/2021\/12\/Glaser_Alexander_EY_law_rechtsanwalt_Digital_law_Crypto_Austria_token_fintech-lawyer.jpg 850w, https:\/\/www.eylaw.at\/wp-content\/uploads\/2021\/12\/Glaser_Alexander_EY_law_rechtsanwalt_Digital_law_Crypto_Austria_token_fintech-lawyer-300x300.jpg 300w, https:\/\/www.eylaw.at\/wp-content\/uploads\/2021\/12\/Glaser_Alexander_EY_law_rechtsanwalt_Digital_law_Crypto_Austria_token_fintech-lawyer-150x150.jpg 150w, https:\/\/www.eylaw.at\/wp-content\/uploads\/2021\/12\/Glaser_Alexander_EY_law_rechtsanwalt_Digital_law_Crypto_Austria_token_fintech-lawyer-768x768.jpg 768w\" alt=\"EY Law Glaser Alexander Rechtsanwalt Krypto Austria Digital Law fintech\" width=\"300\" height=\"300\" \/><\/a><\/span><\/p><\/div><\/div><div><div><p>\u00a0<\/p><p style=\"font-size: 16px;\"><a style=\"font-size: 16px;\" href=\"https:\/\/www.eylaw.at\/en\/teammitglied\/mag-alexander-glaser\/\" data-type=\"teammitglied\" data-id=\"3551\"><span style=\"font-size: 16px; font-weight: bold;\">Mag. Alexander Glaser<\/span><br \/><\/a><span style=\"font-size: 16px;\">Associate at the EY Law New Tech Team<\/span><\/p><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-70e840e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"70e840e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-92ad2ef\" data-id=\"92ad2ef\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>With the European Parliament&#8217;s adoption of the EU Data Act, we are witnessing a historic advancement in the regulation of the EU&#8217;s digital economy. This legislation marks a turning point, reshaping the data landscape of the EU and laying the groundwork for an innovative and competitive future.<\/p>\n","protected":false},"author":7,"featured_media":6500,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[97,97],"tags":[52],"class_list":{"0":"post-7252","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-digitalisierung-en","9":"tag-digital-law-en"},"acf":[],"_links":{"self":[{"href":"https:\/\/www.eylaw.at\/en\/wp-json\/wp\/v2\/posts\/7252"}],"collection":[{"href":"https:\/\/www.eylaw.at\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eylaw.at\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eylaw.at\/en\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eylaw.at\/en\/wp-json\/wp\/v2\/comments?post=7252"}],"version-history":[{"count":17,"href":"https:\/\/www.eylaw.at\/en\/wp-json\/wp\/v2\/posts\/7252\/revisions"}],"predecessor-version":[{"id":7502,"href":"https:\/\/www.eylaw.at\/en\/wp-json\/wp\/v2\/posts\/7252\/revisions\/7502"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eylaw.at\/en\/wp-json\/wp\/v2\/media\/6500"}],"wp:attachment":[{"href":"https:\/\/www.eylaw.at\/en\/wp-json\/wp\/v2\/media?parent=7252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eylaw.at\/en\/wp-json\/wp\/v2\/categories?post=7252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eylaw.at\/en\/wp-json\/wp\/v2\/tags?post=7252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}