Mithun A. Sridharan is the Founder & Managing Director of Think Insights, a thought leader in strategy, management, data literacy and more. Read Mithun A. Sridharan's full executive profile here.
or adopted its framework, as leaders in the technology space, you will soon. The Data Act aims to govern who can access and use data created within the European Economic Area , extending to all companies, except micro and small enterprises, that make connected products available or provide services within the EU.First, the Data Act is the EU's attempt to regulate indiscriminate data collection and usage practices triggered by the proliferation of connected devices, technologies and services.
Third, it mandates data interoperability, integration and portability across multiple platforms and services. This benefits many industries, such as automotive, healthcare, finance and telecommunications, where data integration and portability can improve operational efficiency, quality and service delivery across the entire value chain.
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