Within the Roadmap, the UK’s regulators outline what necessary actions are set to take over between 2024 and 2025 to progress a Smart Data economy as a result of newly appointed powers in the Data Protection and Digital Information Bill. Considering that the data economy represents a significant and expanding segment of the overall economy, Smart Data intends to deliver data for individuals and businesses that are now held and underutilised in a small number of existing companies. Additionally, it focuses on enabling businesses to access this information, with consumers' consent, to deliver new services that increase investment, productivity, competitiveness, and economic growth.
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