The recent application of the EU Data Governance Act and the ongoing discussions on the upcoming EU Data Act have raised many questions and concerns from data leaders in different sectors.
In this context, Data Leaders is launching the ‘Data Law: Unraveling Legal Trends for CDOs’ Series, aiming to explore the intricacies of emerging legal frameworks, clarify key concepts, subjects and rules, and foster an open debate on the most controversial topics related to the new and upcoming legislation on data and related themes.
Although several steps to foster a European data economy based on digital trust have been taken, in 2020, the EU adopted a comprehensive data strategy to reach a leading global role in fostering a society empowered by data.
Building upon an already robust legal framework for data protection, fundamental rights, safety and cybersecurity, the EU Data Strategy aims to create a single market for data, open to data from across the world, where personal and non-personal data are secure and businesses have easy access to a great amount of high-quality industrial data, boosting value creation while minimising human carbon and environmental footprint. In this data space, the EU law must be effectively enforced, and all data-driven products and services must comply with the relevant norms of the EU’s single market.
One of the four pillars of the EU Data Strategy is creating an overarching legislative framework for the governance of common European data spaces. The implementation of this pillar is already happening, with the recent adoption of the Data Governance Act (applicable since September 2023) and political agreement on the Data Act (reached on June 2023 between the European Parliament and the Council of the EU). Additionally, more milestones are to come during the EU Digital Decade.
Timeline of key cross-sectoral legislation on data
The evolving legislative landscape on data requires adopting strategic foresight and proactive measures by data leaders. The EU Data Strategy is a blueprint for a data-driven future. Thus, it is pivotal for data leaders to understand the opportunities it presents, ensuring data practices align with the evolving norms.
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