The European Commission has announced a provisional agreement with the European Parliament and the Council of the European Union to move forward with the EU Data Governance Act. The proposed legislation creates a framework to help companies or individuals share data securely. European Commission Executive Vice President Margrethe Vestager called the DGA "a first building block for establishing a solid and fair data-driven economy."
The Council of Europe released a press release in which, Boštjan Koritnik, Slovenian Minister for Public Administration, President of the Council, said, "The Data Governance Act is a major milestone that will boost the data-driven economy in Europe in the years to come. By enabling control and creating trust, it will help unlock the potential of vast amounts of data generated by businesses and individuals. This is indispensable for the development of artificial intelligence applications and critical for the EU's global competitiveness in this area. Data-powered innovations will help us address a range of societal challenges and drive economic growth, which is so important for the post-COVID recovery."
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