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Data Act

The new EU data law and implications for companies

In February 2022, the EU Commission presented a draft of a new data law, which aims to make more data usable in the EU area. This draft, known as the "Data Act", is intended, among other things, to break new ground for easy switching between cloud providers and also to create the basis for transparent access by entrepreneurs to their data. The Data Act is thus part of a strategy to regulate a digital future in the EU area, which also includes the General Data Protection Regulation (GDPR) that came into force in 2017. But what is the significance of the draft law for companies in Germany and Europe, and what risks and opportunities does it entail?

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