Siemens and SAP voice concerns about potential risks to trade secrets from EU Data Act
- EU countries and EU lawmakers are working on the details of the Data Act.
- The Data Act, proposed by the European Commission last year, covers EU consumer and corporate data.
- The Data Act is part of a set of legislation aimed at curbing the power of U.S. tech giants and helping the EU to achieve its digital and green objectives.
- Siemens and SAP have voiced concerns about potential risks to trade secrets from the Data Act.
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