Understanding the EU's Data Act: Essential Guidelines for Businesses

In the digital age, data has become a critical asset, driving innovation, economic growth, and efficiency. Recognizing the importance of data, the European Union has introduced the Data Act, a legislative framework designed to regulate data access and use across the EU. This article provides a comprehensive overview of the EU's Data Act, detailing which companies fall under its scope, the key obligations for these companies, and the potential consequences of non-compliance.