Overview
IAPP quoted Charles-Albert Helleputte and Diletta De Cicco in a February 23 article titled “Data Act: The EU Makes its Next Move for Industrial Data.” The article discusses how the European Commission published its proposal for a Data Act, the second building block of its data strategy. The overall principle of the Data Act is that business users and consumers should be able to access, manage and share the data they contribute to creating when using a connected device or a respective service such as virtual assistants.
Users might decide to share that data with a third party, although the data holder might at the same time protect trade secrets and other confidential information. However, Helleputte and De Cicco highlight how "balancing trade secrets or confidentiality (to protect companies' assets) with open access and fostering innovation is complex."
The full article can be read at IAPP.