AFEP member companies support the objective of the Data Act to stimulate innovation through better access to data from connected objects and the consideration of principles favourable to a fairer market.
However, companies regret the absence of a detailed impact assessment identifying market failures justifying this data sharing. Additional work is therefore needed on the following points:
- Clarification regarding the definition of data, the scope of this Regulation and the products covered.
- Ensuring proportional and fair compensation as well as sufficient safeguards to protect intellectual property rights and trade secrets of European stakeholders and maintain incentives for innovation.