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Vera Demary IW-Policy Paper No. 2 16. May 2022 The Data Act: The framework companies really need for data sharing

On February 23, 2022, the European Commission presented a proposal for the Data Act. This regulation is intended to regulate access to and use of data in the European Union in the future.

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The framework companies really need for data sharing
Vera Demary IW-Policy Paper No. 2 16. May 2022

The Data Act: The framework companies really need for data sharing

German Economic Institute (IW) German Economic Institute (IW)

On February 23, 2022, the European Commission presented a proposal for the Data Act. This regulation is intended to regulate access to and use of data in the European Union in the future.

It includes requirements for data transfer to users of products and services that produce data, to government agencies, as well as data sharing contractual terms and cloud switching. The aim of the Data Act is to ensure that more data is available in Europe and that the potential of the data economy can be exploited. However, a balance must be struck between greater legal certainty and improved data access on the one hand and innovation and investment incentives for the manufacturers of products and services on the other. There is still a clear need for improvement in the proposal. The great complexity and depth of detail must be reduced so as not to overburden companies. The protection of trade secrets must also be given greater focus so that European companies do not lose competitiveness as a result of the Data Act.

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The framework companies really need for data sharing
Vera Demary IW-Policy Paper No. 2 16. May 2022

The Data Act: The framework companies really need for data sharing

German Economic Institute (IW) German Economic Institute (IW)

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Most companies are not data economy ready
Jan Büchel / Barbara Engels IW-Kurzbericht No. 96 8. December 2022

Most companies are not data economy ready

Data is the central resource of the digital transformation. It underlies all digital processes, transactions and interactions. The use of this data is key to innovation and sustainable growth (BMWK, 2022). Currently, however, many companies in Germany do not ...

IW

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Jan Büchel / Barbara Engels IW-Report No. 53 20. October 2022

Industry trends in data sharing: Status Quo and Use Cases in Germany

Data is generated everywhere along the value chain. Each player produces data specifically or as a by-product at various points in the production process. This data can offer significant benefits for the companies themselves and for the economy as a whole.

IW

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