DATA GOVERNANCE ACT AND DATA ACT: THE PILLARS OF THE NEW EUROPEAN DIGITAL ECONOMY

Secure sharing of data and information by individuals and economic operators has been of particular interest to the EU for years. It is prerequisite for redefining the role of the EU in today’s digital economy. In this framework, the EU Commission has recently adopted two new proposals for regulations to strengthen technological competition and promote the establishment of a new Single Market for data. These are the Data Governance Act and the Data Act, pillars of a complex strategy called Shaping Europe’s digital future, intended to optimise information value. This is also a way to encourage data circulation through a network of qualified intermediaries and provide safeguards to enable secure sharing within a supervised market. The collection, sharing and re-use of data, as regulated in these proposals, could be a pivotal momentum for concretely regulating the circulation of data among EU countries and promoting innovation and research, factors of primary importance in the Digital Age