A key pillar of the EU Data Strategy, the Data Governance Act provides frameworks seeking to enhance trust in data sharing across sectors and EU countries, strengthen mechanisms to increase data availability and overcome technical obstacles to the reuse of data for the benefit of businesses and citizens.
The Data Governance Act will also support the set-up and development of common European data spaces in strategic domains involving private and public players in sectors such as health, environment, energy, agriculture, mobility, finance, manufacturing, public administration and skills.
Subject Matter and Scope
The EU Data Governance Act operates in harmony with existing regulations, such as the GDPR, and establishes legal frameworks for:
1. the reuse of specific categories of data held by the public sector bodies,
2. the provision of data intermediation services,
3. the implementation of data altruism, and
4. the establishment of the European Data Innovation Board.
Impact Across the EU
The EU anticipates that the Data Governance Act will position the region at the forefront of the second wave of data-driven innovation. In this context, the EU advocates that, while society shall benefit from evidence-based policies and better solutions to challenges like climate change, businesses shall benefit from:
• A reduction in costs for acquiring, integrating and processing data,
• Lower market entry barriers and
• A faster time-to-market for innovative products and services.
As data leaders, understanding the EU Data Governance Act is essential to facilitate compliance and unlock new opportunities for growth and innovation, positioning their organisations to thrive in the evolving data governance landscape.
However, grasping its key concepts is crucial to navigating the Act effectively. With that in mind, we have prepared the following figure to support our Data Leaders community, grouping the Data Governance Act key concepts into four categories: