EU agrees on new data rights legislation.
The European Union Reaches Agreement on Big Tech Data Regulation
The European Union has made significant progress in regulating Big Tech’s access to data and empowering users to have more control over their personal information. The European Parliament and Council of the EU recently announced a provisional agreement on legislation that will shape the future of corporate consumer data.
The proposed Data Act, hailed as a “milestone in reshaping the digital space,” will grant users of digital products the ability to determine the fate of their personal information. This includes the option to access data generated by their devices and decide whether it should be shared with third parties.
A Thriving EU Data Economy
Thierry Breton, the EU’s commissioner for internal market, expressed his enthusiasm for the Data Act on Twitter, stating that it will contribute to the creation of a “thriving EU data economy that is innovative and open—on our conditions.”
Furthermore, the agreement promotes data mobility between cloud providers, encouraging developers to enhance the interoperability of different operating systems.
While the legislation still requires approval from the EU Council and the European Parliament, the early agreement suggests a high likelihood of its passage. If approved, companies will have 20 months to comply with the new regulations.
This bill is part of a broader effort by the EU to revamp its data handling practices. It complements other comprehensive bills, such as the Digital Markets Act, which focuses on antitrust measures, and the Digital Services Act, which addresses content moderation.
On June 14, the European Parliament also passed the AI Act, marking the first set of regulations for artificial intelligence. This act may serve as a blueprint for future efforts to regulate and control this rapidly advancing technology.
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