ICT for Competitiveness & Innovation
The Information and communication technologies (ICT) sector accounted for a substantial part of EU GDP and employment. However, ICT is a ubiquitous technology and investments in ICT are also estimated to have been responsible for around half of the EU's productivity growth in recent years.
It is a highly R&D intensive sector, accounting for around a quarter of EU R&D. As general purpose technologies, ICT goods and services are important drivers of productivity growth and economic performance across all sectors.
ICT enables process and product innovation, and money spent on computing technology delivers gains in worker productivity, which are many times higher than those of other investments.
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