Innovative technology is rapidly growing the data economy and putting the focus on the importance of data. The legal view of the development follows, even if sometimes with a delay. What should companies and organizations look for when processing and handling their data? What technological opportunities arise from data use? And what’s behind the Data Act and the Data Governance Act?
Natascha Totzler, Managing Director of nexyo, Günther Tschabuschnig, President of DIO – Data Intelligence Offensive, and lawyer Norbert Amlacher discussed how data should be viewed from both a technological and legal perspective at the MANZ Publishing House event “Data – Tech & Law” at Hotel Schloss Wilhelminenberg on June 14, 2023. The content they presented is highly relevant for all companies that want to grow digitally and stay up to date on technological as well as legal innovations.
“The technology around data is already here,” says Natascha Totzler. Very often it depends on how and if it is used. The goal is to harness technological progress, to draw from the amount of data produced to speed up processes and work more efficiently.
As easy as it sounds in theory, it is sometimes difficult in practical implementation. Especially when legal issues come up. Norbert Amlacher points out the complexity of the matter. He presents a clear structure to reduce the complexity and, in doing so, gives an insight into which topics need to be considered in the first steps. He mentions the Data Protection Regulation (GDPR) of 2018 right at the beginning because it affects personal data traffic on both the private and business level.
Amlacher puts a special focus on the other laws that have either already been adopted by the EU Commission (Data Act) or are about to enter into force (Data Governance Act). The regulations are intended to introduce more clarity and unity into data processing on an oversized, European level and help organizations follow a common thread. The sooner the EU acts and data strategies get onto corporate agendas, the better, Amlacher concludes.
Concrete proofs of concepts in the form of business cases as well as digital twins are a good basis on which companies can build to use data more efficiently. Günther Tschabuschnig emphasizes the role of simulations, which allow existing processes to be optimized with the help of technological approaches. At the latest, the interdependence of data becomes visible, which – when analyzed together – can offer new and better solutions.
Are you interested in the topic of data & law and would you like to contribute to it? Join our Data and Law or Data Governance working groups where you can share your expertise with other industry specialists. We look forward to reading from you: office@dataintelligence.at.
