Negotiators from the European Parliament and EU countries on Tuesday reached a deal to regulate the access and use of data.
It is meant to allow for easier data sharing between businesses and consumers, other companies, and governments as well as enabling customers to effectively switch between different cloud data-processing services providers.
The Act also includes safeguards against the unlawful transfer of data to countries outside of the EU, over surveillance and commercial espionage concerns.
Thierry Breton, Commissioner for the Internal Market, hailed the deal as a “milestone in reshaping the digital space”.
Erik Slottner, minister for public administration for Sweden, which currently holds the rotating presidency of the Council of the EU, said that the agreement “will accelerate our Union’s digital transformation”.
“Once the data act enters into force, it will unlock the economic and societal potential of data and technologies and contribute to an internal market for data. It will enhance the single market, allowing data to flow freely within the EU and across sectors for the benefit of our citizens and businesses,” he added.
The Act had drawn criticism from some industry players however, with the CEOs of several leading European companies writing to the Commission last month to express their “deep concerns” over the text.
They had warned for instance that being forced to share data with other companies, including non-European competitors, could endanger European leadership and innovation and leave them vulnerable to malicious actors and cybersecurity threats.
The concern was echoed on Wednesday by the Computer and Communications Industry Association (CCIA), which said in a statement that the deal reached “risks hampering data-driven innovation” and that it “would actually limit consumer choice.”
“The EU’s overall aim of encouraging data value creation can only be commended. Unfortunately, the deal struck on the Data Act does not do enough to enable responsible data sharing by companies, nor does it leave users free to decide how they want to use their exported data,” Alexandre Roure, Public Policy Director for CCIA Europe said.
THE ROTTEN FISH: CAN OF WORMS OPENED OF APC & TINUBU'S GOVERNMENT OVER NIGERIA'S ECONOMIC DOWNTURN
WATCH THE CRITICAL ANALYSIS AND KNOW THE RESPONSIBLE PARTIES TO BLAME FOR NIGERIA'S ECONOMIC CHALLENGES, WHILE CITIZENS ENDURE SEVERE HARDSHIPS.Watch this episode of ISSUES IN THE NEWS on 9News Nigeria featuring Peter Obi's Special Adviser, Dr Katch Ononuju, 9News Nigeria Publisher, Obinna Ejianya and Tinubu Support Group Leader, McHezekiah Eherechi
The economic crisis and hardship in Nigeria are parts of the discussion.
Watch, leave your comments, and share to create more awareness on this issue.
#9NewsNigeria #Nigeria #issuesInTheNews #politics #tinubu THE ROTTEN FISH: CAN OF WORMS OPENED ...
DON'T FORGET TO SUBSCRIBE AND LEAVE YOUR COMMENTS FOR SUBSEQUENT UPDATES
#9newsnigeria #economia #economy #nigeria #government @9newsng
www.9newsng.com