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The Data Act seeks to optimize and leverage the volumes of data (both personal and non-personal) created within the IoT market in order to improve data accessibility to individuals, businesses and governments and create interoperability standards for data sharing. The Data Act also looks to redress contractual arrangements with cloud hosting, by promoting choice within the market and protecting SMEs from imbalanced contractual terms.
In this Bytesize Legal Update, Fieldfisher's James Russell and Eilish Beeby outline what businesses can expect from the Data Act and the next steps for businesses that may be within scope.