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eu data act

Siemens, SAP say EU draft Data Act puts trade secrets at risk

European Executive Vice-President Margrethe Vestager at a news conference on the Data Governance Act at the European Commission in Brussels, Belgium German business software maker SAP and German engineering company Siemens have joined US tech giants in criticising draft EU laws on the use of data generated by smart gadgets and other consumer goods. EU countries and EU lawmakers are working on the details of the Data Act, proposed by the European Commission last year before it can be adopted as legislation. The draft law,…

eu data act: Siemens, SAP say EU draft Data Act puts trade secrets at risk

German business software maker SAP and German engineering company Siemens have joined U.S. tech giants in criticising draft EU laws on the use of data generated by smart gadgets and other consumer goods.EU countries and EU lawmakers are working on the details of the Data Act, proposed by the European Commission last year before it can be adopted as legislation. The draft law, covering EU consumer and corporate data, is part of a set of legislation aimed at curbing the power of U.S. tech giants and helping the EU to…