In a data economy, businesses have large amounts of data available that enable them to make databased decisions (data-driven management), to develop data-oriented business models and to rethink innovation processes. This applies not only to tech companies, but increasingly to SMEs and start-ups. In many instances automated systems (e.g. artificial intelligence) are used to prepare or make business decisions on the basis of data or in the context of innovation processes. However, various legal issues arise from the different stages in the data life cycle. Thus, data-driven decision making and data-oriented businesses require a broad spectrum of competences and skills: an intertwined technical understanding, management know-how and profound legal knowledge.
Against this background, the LL.M. on Data Economy Law was created. The innovative multinational program is tackling current legal problems of digitization. It provides transdisciplinary education in the field of management, technology and law. Legal modules especially cover IT- and IP-Law, Data Law, Privacy and Data Protection, Trade Secrets, Competition Law and Transnational Business Law.
Graduates of the Data Economy Law LL.M. will have the knowledge and skills to deal with legal issues related to information technology, e-commerce, data law, data protection and other aspects of the data economy. They will be able to develop strategies for the management of intangible assets in businesses, design different solutions to regulatory hurdles in the data economy and plan the implementation of digital business models. Graduates will be able to assess the legal risks of data-oriented business models in an international context.
With 8,000 students coming from 85 countries, the University for Continuing Education Krems combines its many years of experience in university-based continuing education with innovation to provide outstanding quality in research and teaching at an international level. The University holds the AQ Austria quality seal. Situated close to Vienna in the alluring world heritage region Wachau, Campus Krems is a highly attractive location in the heart of Europe.