The European Union is proposing legislation that would force more data sharing among companies in Europe—aiming to loosen the grip officials say a few big tech companies have on some commercial and industrial data.
The new rules, proposed Wednesday in a bill called the Data Act, aim to help smaller companies keep up with big ones in the race to profit from troves of non-personal data generated by connected products, ranging from smart appliances to automobiles. The issue is increasingly relevant as more devices generate data used for control and monitoring, such as in smart homes and factories. The volume of such data will balloon with the rollout of 5G technologies.
