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What does the EU Data Act mean for businesses?
Yahoo Finance· 2025-09-17 10:39
On 12 September, the European Commission’s EU Data Act became applicable forcing many businesses operating within the continent to reconsider their approach to data management. The legislation, which took effect on 11 January 2024, before becoming applicable on 12 September, is part of an overarching European Commission data strategy, and complements the Data Governance Regulation of November 2020. According to the Commission, the Act establishes rules clarifying who can create value from data, and under ...